• Cash discounts on your purchases.
• Savings on the cost of credit investigations.
• Savings on the cost of other overhead services relating to the management and collection of accounts receivable.
• Elimination of cash discounts granted to customers.

There are also some intangible yet significant featured and benefits to factoring that are often overlooked. Among these are the following:

• Availability of funding based on sales — not on the strength of financial statements;
• No encroachment into your equity;
• No hard security required;
• Quick Response:
  • Low documentation
  • No expensive audits
  • No endless committee meetings

Entry costs, in most instances, are limited to a due diligence fee. There are:

• No commitment fees
• No closing fees
• No unused line fees
• No legal fees (usually)
• No fixed/long term contracts