What is freight factoring with CoreFund Capital?

Simply put, factoring is the purchase of a company’s accounts receivable for immediate cash. It’s similar to a loan you might get from a bank, with two important differences. A bank will lend you money based on your ability to repay that loan. However, a factoring company advances you money based on the ability of your debtors to pay what they owe you. So, if you expect to collect on several accounts receivable new week, but need cash today, factoring is a great way to get it.

Most companies have to pay expenses faster than they can collect their accounts receivable. This obviously disrupts cash flow, and most bank lenders are wary of lending money to small and medium sized companies whose financial statements don’t necessarily reflect their potential.
In addition to these cash flow benefits, CoreFund Capital also provides credit management and collection services which can save you time and money.

What can factoring with CoreFund Capital do for your business?

1. A consistent and dependable cash flow.
2. Immediate cash for inventory, equipment,
expansion, or payroll.
3. More time to devote to increasing sales and
profits.
4. Reduced credit risk.
5. Professional accounts receivable and credit
management.

What are some of the services we offer?

1. Credit and Collections
2. Account Receivable Management
3. Purchase Order Financing
4. Refactoring
5. Fuel Cards
6. Freight Factoring Program

What are some of the industries we serve?

Oilfield services
Staffing
Manufacturing
Telecom
Transportation

We have financial solutions that fit most companies, and if we don’t we will refer you to an associate that does. Visit CoreFund Capital to get started.