A very successful and popular financing tool popular to UFS International clients is Factoring, where you can leverage your accounts receivables for immediate cash.
In essence, factoring allows you, the owner, to sell your future income, through accounts receivables, at a discount to a factor in exchange for immediate cash. Discounts determined by the factor are based on invoice net terms and credit worthiness of the account. Once you and the factor agree on the discount terms and the account receivable is approved, you will receive anywhere between 70-80% of the invoice within 24-48 hours. Factoring can prove to be extremely beneficial to a business owner who relies heavily on working cash flow, but whose accounts receivables are based on credit terms.
UFS International has an expansive portfolio of factors covering a variety of industries that are just waiting to review your accounts receivables and make you competitive offers for your future revenues. Take advantage of our portfolio of factors to acquire the immediate cash flow needed to keep you business growing and moving at a fast pace. Instead of waiting 90 to 120 days to collect from your clients so you can start on the next job, get paid immediately and allow your cash flow and work flow to continue seamlessly.