Financial Recruiting Factoring: The Best Solution for Inconsistent Cash Flow
Regular and sufficient funding of a company�s cash flow is a must for a financial recruiting business. This is because financial recruiters are the providers of human resource in corporate finance, asset management, investment banking, fixed income, private equity, municipal finance, and Mergers and Acquisitions (M & As), among other financial services.
The Best Solution for a Inconsistent Cash Flow
Just the word �financial� gives you an idea of how much funds are needed in the daily operations of a business engaged in this particular kind of service. Lack of or inadequate cash can jeopardize a financial recruiter. This is where factoring can be of help to provide you ample funding against the invoices that take a while for your customers to pay you.
Factoring advances the cash when the factoring company purchases your invoices between 24 and 48 hours. A factoring company is your best solution for a perpetually problematic cash flow even if you don�t have an established facility for your credit control operations since the factoring company takes charge of collecting and receiving payments from customers, especially the slow-paying ones.
Why Factoring Companies are Better than Banks
Other benefits that your company can obtain from factoring include financial recruiting packages that have been personalized to your particular needs, a reality that, upon scrutiny, can actually save you expenses from administrative and credit collection costs, allowing your cash flow to �take a break� and get funded externally instead of waiting forever for the next invoice to be paid. It also gives you the convenience of not having numerous paperwork to fill out because the factoring company�s main concern is not your financial condition but the creditworthiness of your customers.
Unlike banks or other financial institutions, in fact, a factoring company will not require you collaterals of any kind as security to back-up the cash that has been advanced to you. This means you don�t go bankrupt while operating your business if you are not able to pay off the cash advance. Furthermore, a factoring company can release funds to you for up to four times the amount that a bank overdraft or loan can give you, without breathing down your neck or barraging you with phone calls.
A Company Specializing in Factoring and More
If you are a financial recruiter and you believe that your cash flow can benefit from some changes, consider factoring as a cash management tool that can up the ante for you. While you�re at it, consider a factoring company that specializes in servicing businesses that need invoice factoring like NeeBo Capital, a trusted name in the factoring industry that serves a diverse range of clients such as oil and gas providers, manufacturers, wholesalers, and staffing service providers.
Notwithstanding NeeBo Capital�s reliable performance in factoring, they also offer several other options such supply chain, production, and commodities financing, equipment leasing to auto mechanics, restructuring of payables for financial recruiting companies, merchant cash advance, and real estate and inventory financing.
Why Choose Us?
Rates at 0.59% - 1.5% for 30 days
Quick Link to Financial Resources:
| Purchase Order Financing | Accounts Receivable Financing | Asset Based Lending Options |
General Articles about Accounts Receivable Financing and Factoring:
» 08/01/2012 Debt Financing or Off Balance Sheet Financing?
» 11/30/2012 Utilizing Factoring as a Alternative to Traditional bank Credit
» 07/22/2012 Increase Your Business Lines Of Credit By Factoring Accounts Receivables
» 09/15/2011 What to know when selecting a Factoring Company
