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Consumer Receivable Financing
Access Funding Center, Inc. provides a consulting service for a large variety of clients who sell products or services directly to consumers. Access Funding Center, Inc. specializes in locating financing programs, not only for your creditworthy customers but for your subprime customers with credit scores as low as 620. In addition, if you are currently self-financing your customers, Access Funding Center, Inc. can show you how you can convert your consumer receivables/consumer contracts into immediate working capital instead of waiting months or years to get paid.
In addition to creative financing options for your consumer contracts, there are also innovative loan servicing programs and bad debt collections programs available. These programs are typically available in non-standard industries, which provide you the added benefit of working with a finance company that knows your customers and how to maximize their value to you.
There are customized and flexible plans available which are designed to deliver the level of service and financial support that is right for you. This enables you to access the money you need from your sales immediately, instead of having to wait and receive payment incrementally over the life of the contract. Your new sales can be quickly qualified and funded so that you can optimize your cash flow and keep on growing your business. This can save you time and money in managing your consumer contracts.
If you own a business that is sometimes short on cash, consumer receivable financing may be able to help you achieve the profitability for which you are looking. By selling your consumer contracts you are simply selling an asset. You are not applying for a loan or a line of credit. By selling your consumer receivables instead of waiting for one, two or three years to slowly receive monthly payments, you position yourself to receive cash now, rather than later.
In other words, by selling your consumer notes, you put the time value of money to work for you. By receiving cash now rather than later you are able to take advantage of suppliers' discounts and increase your purchasing power. By freeing up cash you may not have known was available, you should be able to increase your sales and therefore your profitability. Some businesses have found that by factoring their consumer contracts they are able to pay taxes on time, improve their credit rating, meet payroll and generally take advantage of new opportunities.
You can also provide financing for your sub-prime customers, while at the same time cashing out the retail installment contracts you have generated. In this way you not only broaden your customer base by providing access to the market place for your sub-prime customers; but, you also put the time value of money to work for you.
In the area of consumer receivable financing, one of the most profitable aspects of this service is that your customers who do not meet the minimum credit standards for purchasing will not be lost. Although the discounts and reserves will always reflect the credit quality of customers, there are purchase programs available for C and D credit consumers or subprime customers as well as A and B credit consumers.
Conversely, there are programs which will allow you to sell your A and B consumer papers for immediate cash flow, while electing to have your C and D consumer papers serviced on a monthly basis. This can provide you the "best of both worlds"... maximum cash up front for short-term growth as well as growing a portfolio of residual income for long-term stability.
- Click here to find out about factoring benefits
- Click here to see a sample of the type of industries or business that can benefit from selling their consumer contracts.
Call us at 864-603-3539 or email us today to find out how your company can benefit from service!
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