Is Business Factoring Right For You?
As your business grows, the need for funding does too. Many businesses have immediate cash needs to maintain day to day functions, but clients don’t always have the same urgency to pay their invoices. Invoice factoring allows you to get paid quicker meet your immediate cash needs.
“How can factoring help my company?”
Factoring can be integral part of stabilizing your business’ cash flow and increasing opportunities for growth. Unlike a bank loan, which requires a lengthy approval process and proves difficult to obtain, business factoring with PDM Financial has a quick processing period and unlimited funding potential that grows with your business. As long as there are invoices to be paid, your business can benefit from same day payments, increased productivity, and faster growth.
Benefits of Business Factoring:
A large part of your business is keeping books balanced and getting paid by clients and brokers. Don't run the risk of finding yourself in a slow-paying or non-paying client situation. PDM Financial can provide tools for you to make smart decisions when taking on a new client or partner.
A custom tailed insurance policy can help protect your business by transferring risk to us. We can insure the extension of credit while you take care of the rest.
A growing business will require a growing source of income. For those times when you need a little more than invoice factoring, asset based lending is a great option. ABL's, while a bit more restrictive, are less costly than factoring and provide you with an extra level of free flowing cash that you need to scale your business.