Invoice Factoring – Dallas Alternative Lending – Invoice Factoring is a method of finance used by Dallas businesses to convert terms into immediate capital.
Invoice Factoring – Dallas Alternative Lending
Invoice Factoring is a method of finance used by businesses here in Dallas Texas to convert terms into immediate capital. Factoring invoices has become one of the preferred methods of business finance, due to its flexible nature which fits businesses of all sizes. Invoice factoring eliminates the uncertainty of when you’ll be paid, enabling you to confidently manage and grow your business.
Factoring is a way for companies in Dallas to instill cash into their business without accumulating debt. By selling accounts receivable (invoices) at a discount, companies receive payment right away, instead of waiting for payment sometimes 60 days or more.
Does your Dallas business need extra working capital to grow? Elan Capital, a Dallas based business, can get your business the funds it needs to support sales, payroll and any other business expense. We have many funding options that can provide advance payments on open invoices to small businesses struggling with cash flow. You tell us what you are looking for and we will match you with the one of the best factoring companies in US, Canada and the U.K.
Invoice Factoring – Dallas – How Does It Work?
Invoice factoring is one of the easiest loans for a business to get and we guide you through the process and answer any questions you may have. Once we match you with one of our factoring companies that is best suited for your situation, your business will go through a brief approval process. Once approved, you can send your open invoices to the factor. They will advance your business up to 95% of your open invoices and hold the rest in a reserve. Your customers will then pay for the invoices on their usual payment terms directly to the factoring company. Once the factoring company receives the payment, they will release the reserve to you mins a factoring fee.
When compared to banks and other financial institutions, factoring has many benefits to businesses of all sizes, including:
- Quick access to a steady cash flow
- Ability to coordinate with your bank
- No liability on your balance sheet – It’s not a loan
- Available credit insurance protection on your invoices
Unlike most banks, when it comes to factoring, Elan Capital is not concerned with any client’s company size, financial success, or credit history. What matters to Elan is that our clients have legitimate accounts receivable which will be paid. But, instead of waiting for their customers to pay them, Elan Capital provide a cash advance to our clients for the receivables sold. Our clients are able to use the cash money we provide in the manner of their choosing — no questions asked!
One quick application. Dozens of lenders. Hundreds of programs. All with transparent fees.
Most customers are surprised at how inexpensive it is to factor with Elan Capital. Of course, fees vary depending upon industry, dollar value of invoice, creditworthiness of your company’s customers, and volume of your business. To find out more, give me us call.