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Receivables
arise when funeral expenses are paid upon |
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Accounts receivable financing, or
Factoring, is the purchase of accounts receivable invoices and
contracts at a discount.
Apply Now and convert your
Funeral Home Receivables to cash.
Factoring stimulates cash flow so you can fund expansion
and growth. In
many situations, factoring is more appropriate than bank
financing, because factoring:
Is based only on the accounts receivable. A client’s
ability to raise cash by factoring is based on the total accounts receivable, rather than on traditional measures
of financial strength and stability.
Provides continuing cash flow without the requirement of
periodic payments or interim payoffs. New sales continuously
create new power to obtain cash, and the business does not have to
deal with renewal of loans or worry about maturity dates.
Gives a business
increased access to cash as sales and receivables increase. There
is no ceiling beyond which the factor must stop providing cash.
Apply
Now and see what Funeral Home Receivable factoring can
do for you. The
more sales a business makes, the more cash it can draw. The factor
does not concentrate on the business debt/equity ratio to provide
funds, as banks do.
Offers a dependable, continuing source of cash without the
necessity of making separate loan applications.
Avoids the necessity of obtaining funds from venture
capitalists, who receive an interest in the business and generally have a say in how the business is run.
Saves the business owner precious time waiting for a loan
board to grant or deny his or her loan. Loan boards’ decisions
are influenced by many considerations, and the outcome is often
unpredictable. With
factoring, periodic delays and negotiations are eliminated,
allowing the business owner time to do what he or she does best
– run the business |
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