What is Factoring
Factoring is one of the fastest and easiest methods of getting immediate cash for your business or company. You give your invoices and accounts receivable to Detroit Factors, we give you up to 96% of the face amount in cash. We then collect the invoice, taking on the credit risk. We can factor as little or as many invoices as you need. Find out more about factoring today.
Factoring from Detroit Factors is a great financial tool for easing pressure and stress caused by slow paying customers and cash flow issues. With factoring, instead of waiting days or weeks on end for your invoices to be paid, you can receive cash for your accounts receivable in as little as one business day. It isn't a loan; there are no monthly payments, no high interest rates and no set terms. Email or call us today and set up an account now.
Factoring is fast and convenient: a must-have financial business tool for all growing companies in need of capital. Even businesses in challenged financial situations that might not be eligible for traditional financing with a bank can use our factoring services to solve their cash flow challenges. Fill out our contact sheet and Detroit Factors will respond immediately.
There are many great benefits of factoring, including (but not limited to): fast and convenient funding, simple credit qualifications, no upfront fees, and friendly and helpful account managers. Start-up companies and established growing businesses alike can benefit from factoring options to keep up with sales growth. Don't hesitate; contact us today to learn more about factoring.
