Accelerate Your Business with Accounts Receivable Financing
Accounts Receivable Financing
Accelerate the success of your business by leveraging our Accounts Receivable Financing solution. Seamlessly convert your outstanding invoices into working capital to support your growth initiatives and achieve your business goals. Take the next step towards unlocking your business’s full potential today!
Unlock Your Business Potential with Accounts Receivable Funding & Financing Options
Accounts receivable financing, also known as AR financing, allows companies to receive immediate funds for outstanding invoices. Companies using types of financing options for accounts receivable (AR) funding can commit invoices to a funding partner for earlier payment.
Porter Capital believes in several particular benefits of factoring services for accounts receivable funding. Large and small businesses can increase their cash flow and avoid the strain of late payments. Taking a loan on accounts receivables helps a company obtain cash without asking clients for immediate payment.
If a company is in high growth mode, young or simply does not fall into a traditional bank box, it can utilize an accounts receivable loan or line of credit provided by Porter Capital.
Explore our range of alternative financing solutions. Discover how we can support your business objectives and facilitate growth. Find Out More.
Empower Your Business with Immediate Cash Solutions
In today’s tight credit environment, more and more companies are turning to alternative and non-traditional financing options to access the capital needed to keep business running smoothly.
Several tools are available to owners of cash-strapped businesses in search of financing. Two of the most popular are factoring and accounts receivable factoring (A/R financing). Many business owners lump the two together, but few small yet significant differences exist.
Accounts receivable factoring is the outright purchase of a business’s outstanding accounts receivable by a commercial financing company or “factor.” Typically, the factor advances 70 to 90 percent of the value of a receivable when it purchases the receivable.
The balance, less the factoring fee, is released when the invoice is collected. The factoring fee — which is based on the total face value of the invoice, not percentage advanced — typically ranges from 1.5 percent to 5.5 percent, depending on aspects such as the collection risk and how many days the funds are in use.
Accelerate Your Business Performance with Accounts Receivable Funding
At Porter Capital, we make it easy to get immediate working capital solutions for your future business growth. AR factoring services allow you to accelerate your cash flow and build upward. Working with our account managers, you can create personalized accounts receivable funding contracts. Enjoy the flexibility of an AR factoring agreement built for your business.
Many companies experiencing rapid business growth choose accounts receivable loans to assist with delayed invoices. Our clients choose Porter Capital accounts receivable financing services for the following reasons:
- Immediate cash advance: Waiting 30, 60, or 90 days for a completed invoice can limit your business prospects. AR factoring services can place invoice funding in your account in 24 hours.
- Increased business outcomes: The opportunities are endless with faster deposits in your account. Businesses can use AR loans to increase staffing, create new products and improve workflow.
- Collateral flexibility: AR factoring can be a debt-free alternative if you’ve struggled to qualify for traditional loans. Your factoring contract would use accounts receivable as collateral, giving your business more room to grow.
- Capital availability: At Porter Capital, we are uniquely positioned to handle large-scale applications for AR factoring. As your long-term financial partner, we increase your capital availability as your sales improve.
- Simple applications: With factoring services for accounts receivable, you get what you need when you need it. Our customized factoring plans are easy to apply for, saving you valuable time. Watch as your company grows alongside our team of financing experts.
