 Factoring is assigning the interest in your accounts receivables (invoices) to a factor at a discount. Factoring is an old financial service used by multibillion dollar corporations that is now available to smaller sized businesses to which banks are reluctant to lend funds to.
Many new and growing companies have trouble obtaining traditional bank financing due to their length of time in business, profitability or financial strength. Factoring allows companies to convert their accounts receivable into immediate cash, therefore eliminating cash flow problems.
Once you have delivered your product or service to your customer, and you are able to generate an approved invoice, we at BIG BLUE INC. will fund you as little as 24 hours. It’s that easy.
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