Factoring Companies’ Customer Support | Reputable factoring companies will offer broad-spectrum customer support services like email, fax, and telephone support, and should always be easy to reach. As with any reputable vendor, your factoring company should be available and attentive to your needs.

Factoring Companies’ Experience | Factoring companies often offer a wide range of services, including things like cash advances and loans. But the most reputable factoring companies, like Bridgeport Capital, while they do offer services other than specifically AR factoring, their primary focus remains on receivable funding options.  This specialization usually translates to high quality factoring services.

Factoring Companies’ Industries | A reputable accounts receivable factoring company should be able to provide you with a list of industries they serve. A factoring company that provides AR factoring services in a variety of industries is more likely to have a solid reputation for their AR factoring services.

And if you’re starting your research now….

Bridgeport Capital offers second-to-none customer support for all accounts receivable factoring clients.

Our services and experience are all inclusive to accounts receivable factoring and management.

And, we proudly serve a variety of industries as a premier factoring company.

Factoring companies are great resources for creating working funds. We’ve mentioned before that uncertain times, accounts receivable factoring can actually be a more sound decision than loan financing. Today we’ll discuss how factoring companies can also help manage inventory.

Inventory control isn’t complicated, but can become so when there isn’t enough cash to keep it rotating.

Factoring companies are the perfect solution for this scenario:

You get a call from Bob, inventory manager. Business is booming, but stock is low. Next call is from Biggest Client who orders double what he did last month, and it’s a rush. You check with Betty in accounting: there is enough billed to cover inventory expenses through next quarter, but only enough received to get you through payroll next week.

Factoring company to the rescue!

AR factoring brings you lump-sum cash for your outstanding invoices. Betty confirms your cash is in from the factoring company. You call Bob and tell him to order double the projected inventory and pay for it in cash. Biggest Customer gets his order by the end of the week. Oh, and since you paid for your inventory up front, your vendor gave you 5% kickback, which you use to thank Betty and Bob for their great service.

Factoring receivables with a reputable factoring company gets your businesses immediate cash. A factoring company agent can help you streamline business and keep efficacy rolling whether an inventory “pad” is necessary or you just need a little extra operating cash. Factoring receivables gives you peace of mind, knowing you’ll have all the money you need to make emergency moves.

(Bob and Betty say thanks!)

Factoring companies offer valuable short term funding as we discussed Monday, but what about a long term solution? Is factoring receivables a sound financial decision for long term planning? Can factoring receivables really offer valid help for those who don’t need or want quick-fix solutions?

You’re thinking too hard!

Factoring companies gladly work with small and medium sized businesses because they make money doing it. Businesses use factors because it helps create capital, keeps the cash flowing, and for the small price, it’s worth not having to collect accounts receivable themselves. It’s simple, really.

Accounts receivable factoring companies don’t care about your credit. In fact, since they’re purchasing something from you, not loaning you cash, your business’ credit isn’t even the issue, meaning if you’re looking ahead, you’re looking in the right direction. Period.

Factoring receivables is a great way for businesses seeking long term financial stability to fuel their growth. AR Factoring takes little time, and even less effort, and does not adversely affect credit. So to sum it up…

Factoring as a long term solution: Create cash flow and capitalize on things like bulk purchasing and vendor discounts now. Accounts receivable factoring promotes steady growth and healthy business operations.

Factoring receivables isn’t a quick-fix solution: You’re not “fixing” anything, my factoring followers. You’re simply paying a fee to get cash when you need it – now. It’s not “a way out,” and won’t promise to make you millions just by trying. Accounts receivable factoring is a business transaction where a factoring company puts the money your owed into your pocket 30-60 days sooner.