When factoring with Goodman Factors, you receive:
Payment of 80-90% of your invoices the day you generate them.
Available payment of residual balance the day after your customer pays us for the invoice.
Elimination of posting your invoices to a customer ledger or file.
Credit service to assist you in granting customers credit.
Collection department to send out past due statements and telephone your larger past due customers.
How does Invoice Factoring help me?
Creating faster cash flow provides the opportunity to pay vendors early and ask for an early pay discount.
You could buy additional products or services allowing you to continue filling orders on hand.
Make the weekly or Bi-weekly payroll demands of the company.
Let someone else do the back office work of checking your customers credit worthiness and establish credit guidelines for them.
It can be difficult to make collection calls to customers you want to keep selling when they are paying late. Goodman will make those collection calls for you. You can keep your focus on selling and growing the company.
Goodman Factors will not credit limit your growth, based on the financial statements of your company, (as most banks and asset based lenders do). Buying your invoices is depended on credit worthiness of your customers.