Receive fast, flexible cash flow by factoring! Factoring, also known as invoice buying or accounts receivable factoring, accelerates your cash flow without delay. Simply, sell your invoices to CFR. We advance a percentage of the invoice amount immediately and deliver the remaining balance to you (less a small CFR fee) when your client pays in full. We base our approval decisions on your customer’s ability to pay, not your company’s credit.
Factoring is used in a variety of industries in all stages of development, from entrepreneurs and start-ups to established businesses in need of flexible cash flow resources. It frequently benefits undercapitalized start-ups, entrepreneurs, businesses that are in need of flexible cash flow, growing businesses, or those with limited access to bank financing. One of the most common reasons businesses choose to use factoring is to free up cash flow while waiting on customers to pay on receivables (which can take anywhere from 30 to 90 days) to collect.