Invoice factoring is a type of financing that involves the selling of outstanding receivables to a third party (e.g., Alternative Funding Group). Upon paying for most of the balance up front, the third party collects payment on each invoice from the customer that it names. Also known as accounts receivable factoring, it is a convenient way for a company to remedy its cash flow if it is suffering because of unpaid customer invoices.
Business operations can sometimes be hampered by interruptions in cash flow. Unpaid customer invoices influence a company’s cash flow as well as its ability to utilize its resources efficiently. For that reason, it makes sense for such a company to recover missing funds by selling its unpaid accounts receivable to a third party. Its cash flow is remedied and its resources can be focused on profitable business endeavors. A recovery of US business funds from delinquent accounts is made the responsibility of another organization.
Alternative Funding Group is the most trusted factoring company and lender of hassle-free business loans. The number of businesses we have worked with is commensurate with our willingness to help small businesses and entrepreneurs. It demonstrates our understanding of the unique needs and challenges that are found in various industries. No company is the same, and neither is every industry. At Alternative Funding Group, we pride ourselves in helping make business possible for companies as diverse as you can imagine.
How can Alternative Funding help businesses with Invoice Factoring?
Simply put, helping businesses is what we do, and accounts receivable factoring is just one of the ways in which we do it. By paying for your company’s unpaid invoices, we help restore cash flow so that your business operations are not left hampered. We purchase the invoices and assume the responsibility of collecting the business funding on delinquent accounts. In other words, we do what we do best so that your company can be free to focus on doing what it does best.
I had an excellent experience this week with Alternative Funding to obtain a loan in 2021. Their online format made it really easy where they asked questions and then used the answers to guide me towards the loan application completion. I was pleasantly surprised how easy it was. I applied on Tues and had the loan in my bank account on Friday. Very thankful, and impressed.
We were a Alternative Funding customer since 2018 but matured out of needing factoring services. We started out as a small company and now can proudly say we stand alone financially. We could not have accomplished that feat without the assistance of Alternative Funding. They have assisted us in factoring, processing, printing, and shipping our invoices. They also assisted in managing the aging report of those invoices and helped us with our cash-flow
Very nice and professional group of people . Easy to work with and always go the extra mile
We providing capital funding for all business that qualify