Invoice factoring, the sale of accounts receivables, is one of the oldest forms of financing. Factoring began in the garment industry in the 19th Century and has grown steadily and expanded into other industries.



Invoice factoring provides you an advance on your slow paying invoices so you can pay employees and take discounts from your suppliers.

Invoice factoring is available at a minimal fee, which makes it an attractive substitute to assuming more debt.

By factoring your accounts receivable, you get the funds quickly, allowing you to concentrate on growing your business while a third party collects the owed money

Can I Qualify

We utilize the good credit of your customers to secure working capital for your business. Before accepting the invoices, the factoring company will research your clients to make sure they are creditworthy and pay their invoices on time.

Our Credit management department has access to credit ratings and allows you to trade confidently with new customers.

The important point to understand about Factoring is this: The advanced funding you receive for your receivables and the discount fees you will pay are based solely on the financial strength and credit worthiness of your customers, not your business.

Costs of Fees & Rates

Invoice Factoring Rates are the rates charged by invoice factoring companies for the services offered and cash advanced to businesses.

If your invoices are for high-quality, credit-worthy clients, the factor may provide a more favorable rate.

Other factors that come into consideration are: your industry, how quickly your invoices turn Monthly and the invoice factoring volume.

There are as many different types of invoice factoring agencies, as they are rates for factoring invoices. But, don't be deceived by focusing only on the factoring fees, because factoring fees are not the only element of the cost of invoice factoring.

The cost of invoice factoring is simply a business expense to help your company grow faster. In the end, the advantages of invoice factoring will far outweigh the relatively small fee that it costs.

Conclusion

Invoice factoring is filling a tremendous void that banks have created. Invoice Factoring provides financing for hundreds of thousands of businesses each year from multi-million dollar to smaller companies

Invoice Factoring expands your company at all stages. Companies accelerate their profit and thrive whether you are a start up business, service business. Learning how to utilize invoice factoring supports companies in any stage of development.

Factoring requires, less paperwork than loans and no credit or reference checks of your business and is also faster than tradition bank loans..

Invoice factoring is a tremendous method to assist in the management of cash flow and delivers working capital for your business needs.

If you are seeking an invoice factoring company, then Diversified Financial Services is the smart choice. Our Financial Consultants are ready to answer any factoring questions you have. Call today 800-954-0012.