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What is Factoring? Accounts Receivable Financing (Factoring) also known as “cash for receivables/invoice factoring)” is a transaction whereby a business sells its account receivables (invoices) at a discount. Factoring is not a loan and is not based on the credit history or credit worthiness of the business. It is based, instead, on the value of the invoices and the credit worthiness of the businesses clienteles. One of the biggest advantages of factoring is that businesses get immediate cash within 24-48 hours. Factoring accelerates cash flow by eliminating the time lag between the delivery of goods or the performance of a service and the payment for it. Most businesses have to pay their expenses before they can collect their receivables, disrupting cash flow.
Ashton Business Capital specializes in providing working capital to the following industries:
- Staffing companies – unlimited payroll funding
- Trucking companies – Freight bills, fuel cards
- Distributors and Wholesalers
- Consulting companies
- Commercial construction companies
- Manufacturers and Suppliers
- Medical Working Capital Loans