Services
- Accounts Receivable Funding
- Purchase Order Funding
- Transportation & Freight Bill Funding
Accounts receivable funding also known as factoring is the sale of invoices at a discount to generate immediate and dependable cash flow without borrowing, giving up control of your business, or creating debts. It is ideally suited to businesses that are either experiencing growth or temporary cash flow squeeze who also sell on payment terms to other businesses. It is easy to qualify for factoring and NOT like traditional financing or bank loan or lines of credit where approval is based on your personal and direct business credits and assets. Instead, approval is largely based on the credit-worthiness of your customers and their ability to pay their invoice.
Purchase Order Funding is sometimes called pre-delivery or production finance. It is a form of short-term financing or payment assurance to produce or purchase finished goods ordered or sold. At times, a business may find itself in a position where it is unable to fulfill a customer’s order because it lacks the capital to do so, therefore, risks losing the order and all its associated profits, possibly ruining its reputation, losing the customer and its future business entirely. The solution can be Purchase Order Funding. Our clients use it to obtain capital and or materials to fulfill orders when they lack funds or need to hold on to cash on-hand, or requires outside help or expertise.
This type of financing accelerates the cash flow for transportation and freight companies of any size. This financing method will provide companies in the industry the ability to finance slow-paying freight bills and eliminate having to make collection calls. A regular business loan would require you to use your businesses or personal assets as collateral. Our funding keeps your cash flowing without endangering your property.
Get In Touch
Have any questions on your mind, fill out this easy to contact us.
- info@vefinancialgroup.com
- (949) 697-2242
- One Park Plaza Suite 600 Irvine, CA 92614