What Is Factoring? - The Way To Grow

Did you know that the #1 reason businesses fail is lack of cash flow? 

At CFG, we understand that cash flow means everything to a growing business.  Whether meeting payroll or funding product development, an adequate supply of cash is vital for daily business and long-term growth.  Sooner or later, most businesses find themselves with inadequate cash floor to cover their expenses.  Factoring is a flexible financial solution that can help your business be more competitive while improving your cash flow, credit rating, and allowing you to utilize suppliers discounts.  Unlike traditional bank financing, factoring relies on the financial strength and credit worthiness of your customers, not you.

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Instead of a loan or venture capital, try factoring for your financing needs.

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Factoring is an alternative cash flow solution that doesn’t involve borrowing or giving up ownership in your business.  Since there is no debt o equity involved, factoring is far more flexible with fewer restrictions than bank or venture capital financing. With no obligation to enter a restrictive, long-term agreement, you can get the cash you need, when and how often, you need it:

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• Increase Production and sales

• Take advantage of trade discounts

• Meet payroll and payroll taxes

• Finance expansion

• Fund marketing or e-commerce projects

• Pay off debt

• Improve credit rating with timely payments

• Improve balance sheet

• Eliminate need for outside investment