What is Factoring?

Factoring is a quick and flexible form of financing which substantially improves a company’s cash flow.

Many companies get into a cash bind by extending credit to their customers for 30 days or more while having to immediately fund certain costs, particularly payroll. This problem only gets worse as sales grow. With factoring, Durham Funding will give you cash the day you make the sale.

There are several advantages to factoring.

• Maximizes the cash available to you
  Factoring provides more cash than traditional bank lines of credit.
• No arbitrary line of credit amount
  You borrow based on your sales activity so you are automatically set up to finance your growth.
• Cash Flow is more predictable
  In addition to speeding up your cash flow, factoring also makes it easier to manage your cash since your invoicing is more predictable than when customer payments will be received.
• Flexibility with your financing
  Factor when you want, as much as you want, and for as long as you want.
• Improved credit evaluation
  Durham can provide credit reports and expertise in helping to assess new customers or changes to existing ones.  And when you use Durham, you have access to expert business professional whose experience can benefit you beyond just financing. We welcome the opportunity to discuss your particular situation and needs.