How Does My Business Qualify for Accounts Receivable Factoring?
Unlike applying for a loan or line of credit with bank, accounts receivable factoring is very simple to qualify for. If your business bills other businesses for either a product or a service, and you offer them payment terms, then you qualify for accounts receivable factoring. Best of all, with accounts receivable factoring, credit decisions are based on your customers' good credit rather than your own, and you don't take on any new debt.
Accounts receivable factoring is available to a large variety of industries. All manufacturers and importers qualify, whether you sell furniture, bedding, rugs, wall decor, giftware, housewares, kitchenware, toys, electronics, food, apparel, hardware, or anything else, accounts receivable factoring can work with your business to provide you with the working capital you need to grow. Service providers can also qualify for accounts receivable factoring, this includes marketing, staffing, IT, consultants, or anyone else who provides a service for other businesses.
Startup businesses, rapidly expanding businesses, well established businesses, and even foreign businesses that are entering the North American market all qualify for accounts receivable factoring. It doesn't matter how long you've been in business for or what type of credit your company has, with account receivable factoring we look at the credit worthiness of your customers to make credit decisions.
Furthermore, with accounts receivable factoring there are no credit limits. As your receivables grow so does the amount of funding you receive. So regardless of how long you've been in business or any credit problems you may have had in the past, with accounts receivable factoring the sky is the limit.
Sound to good to be true? Give DSA Factors a call today at 773-248-9000 and find out just how easy it is to qualify for accounts receivable factoring. All it takes is one call, and we can be funding you in as little as 24 hours!
