Factoring Top 10
Fast and easy to start — Begin factoring your invoices right away with Detroit Factors by completing our three minute application. Apply now and we will let you know if you are approved in just 24 hours or less.
Cash received for your invoices in 24 hours or less — Don't wait 30, 60 or 90 days (or longer) for invoices to be paid. Increase your cash flow and stimulate business growth by factoring your accounts receivable with Detroit Factors in as little as one business day.
Add capital to your business that is not a loan. With factoring from Detroit Factors we will advance you up to 96% of the face amount of your invoices in cash, then we collect on the invoice. There are no loans to pay back, no closing costs, no origination fees, no interest, and no long-term commitments required.
Increase marketing efforts — With the increased cash flow from factoring your invoices you can increase the marketing and advertising of your company and gain more revenue for growth and expansion.
Use your consistent weekly cash flow for better planning and growth. With factoring, you can count on more reliable working capital and cash flow to be used for better planning, business growth and emergency funding accounts. You always have the option to get cash from your outstanding invoices quickly and easily.
No more stress involved with a lack of cash. Accounts receivable factoring from Detroit Factors provides you with a reasonably priced financial tool that can be used to meet business obligations and ease cash flow pressure, taking the stress off your company.
Cut administration costs associated with collection activity — Save your employees' time for better things than collecting on invoices. You don't need to hire a collection manager with Detroit Factors; we factor your invoices and take care of collections.
Gain more business with better terms for customers — With the improved cash flow gained from factoring you have the flexibility to offer better terms to new and existing customers, allowing you to grow your business and expand your customer base.
Funding is based on the financial strength of your customers. Factoring is based on the financial strength and stability of your customers and not your personal FICO score or business credit score. Even if your company is in a challenged financial situation, you can still use Detroit Factors's factoring services to overcome cash flow difficulties.
Stop collecting invoices and concentrate on running your business — Spend more of your time doing what you do best - running your company - and leave collecting the invoices to us. You receive cash for factoring your accounts receivable quickly and easily, and we take on all of the risk of collecting the invoices.
