New Century Financial is one of the top invoice factoring companies in the U.S.A. Businesses and large corporations rely on the services of this company to keep their finances in a positive cash flow mode. Some of the companies that worked with New Century Financial include CVS, Wal-Mart, Shell Oil and Exxon. This company is interested in all size businesses. They are concerned with getting U.S.businesses with potential into a positive cash flow situation, offering them the best chances for success.
What is Positive Cash Flow?
When a business takes in more money per a defined period than is sent out, the difference between what is made, and what is spent is the positive or net cash flow.
Independent contractors, small business retailers and wholesalers have a similar concern with their monthly income and their debts. In their business plan they sell enough product to generate cash for their monthly bills, but because their largest volume sales is from companies requiring net 30-day to net 90-day invoicing, money enters the company slower than it needs to be paid out.
What a business owner doesn’t need at a time like this is to go to a bank to apply for a loan, even if the loan is approved, this is adding another bill to what you are already dealing with, adding new interest payments.
Invoice factoring companies like New Century Financial say the true answer to the problem is to turn the original concern, slow paying invoices, into a debt-free, no interest solution. Sell the invoices and receive up to 90 percent of the invoice value immediately, when clients pay off their invoices, the invoice factoring companies take their small fee from the remaining 10 percent of invoice values, and deposit the balance into your business account.
Retailers, wholesalers and independent contractors already have an invoicing system to begin with, but never saw it as an opportunity for advanced cash flow. Partnering with invoice factoring companies is the solution for immediate cash flow, plus, New Century Financial has the professionally trained staff that will train your employees about back office systems, and how to increase your accounts receivable by gaining additional invoice customers.