Accounts Receivable Financing
Cash in 24 Hours
Unlock the Cash Tied Up in Your Receivables.
Accounts receivable financing, or Factoring, is the purchase of accounts receivable invoices at a discount.
If you sell your products or services to businesses that pay in 30, 60, 90 days or more, EFA Heritage Business Financing has a liquidity solution for you. We can finance companies that are start-ups, losing money, or in bankruptcy because accounts receivable financing is based on your customer's credit, not yours. This is not a "debt." You are selling an asset. But it is more than just an asset sale; it is like outsourcing your accounts receivable department. Factors provide valuable services. They check your customers' credit for you and notify you of bad risks and they provide detailed monthly statements. Qualifying accounts even get free credit insurance.
- Cash in 24 Hours
- No Personal Guarantees
- We Finance Any Type of Business
- No Recourse Even if the Account Does Not Pay
- Credit Insurance on Your Clients At No Cost To You
- No Arbitrary Loan Board Decisions, No Fixed Payments
- As Sales and Receivables Increase, Funding Increases
- Focus On Your Business, Not Collections
Use The Money To . . .
- Fund Payroll or Other Operating Expenses
- Purchase Inventory to Take Advantage of Bulk/Early Payment Discounts
- Fund Expansion and Growth
- Respond to Seasonal Demands and Opportunities
- Take on That Large New Account with Confidence
VA250 Commemorative Partnership
EFA Heritage Business Financing is proud to be a Commemorative Partner of VA250 - Virginia's American Revolution 250 Commission. Of the thirteen original colonies, none played as fundamental a role as Virginia in the formation of our country. From the ideas that inspired it, to the battlefields that decided it, there is simply no America without it. As we mark 250 years of Independence, now is the perfect time for you to reconnect with your country in the place that made it possible. Please join us at VA250.org.
