[Posted on Oct 22 2014 by:New Century Financial]
New Century Finance is a member of the International Factoring Association, an internal self-monitoring organization for the factoring industry. The Better Business Bureau, BBB, continues to rank New Century Financial with an A+ classification, so when you partner with this factoring services provider, you know you’ve joined a winner.
How can we eliminate your cash flow problems that act like a financial barrier for your company’s business growth? We know that most companies deal with large customers who prefer to use terms like net 30-90 day invoicing. You want their business, but these long payment terms leave you with a need for a no-debt funding method that can reliably cover your own business monthly costs.
Trying to achieve a business bank loan is distressing and may not produce the results you need. In addition your business will now have another monthly bill with interest from a one-time cash solution. The concept of using a reputable invoice factoring company has advantages for many business needs. When a company is given the flexibility to choose and sell as many invoices as they choose, without being locked into a long-term contract, they can tailor their cash flow according to their specific growth needs. Invoices can be sold back to the company at any point, plus as the client base increases, so does your businesses options to generate more monthly cash flow.
Applying for a bank loan will be stressful because the focus is on your credit and there is a limit to what you will be able to borrow, if you pass the application process. New Century Financial focuses on your clients’ ability to pay their invoices, the process takes less than five days. There is a short, one page applications and once approved the funding is available within 24-hours.
Your business sells the invoices you select to receive immediate cash flow of 90 percent of invoice value, when your clients pay you, the invoice factoring company takes its small fee from the remaining 10 percent of the invoice value and returns the balance to your business account. There are no hidden fees, in fact, during the application, New Century Finance does the due diligence at no cost to your company. Let’s get started.