Factoring Definitions Page.

What is Factoring?
Factoring is the purchase of accounts receivable for immediate cash flow. Factoring gives businesses like yours the power to ensure growth and stability without diluting equity or incurring debt. After your invoices are submitted and verified, they are funded within 24 hours.

Once you are a Vast Funding Client, it’s easy to exchange your receivables for immediate cash. CLICK HERE TO GET A QUICK FACTORING QUOTE. A Vast Funding rep. will call you shortly and go over any questions you may have about factoring. We take great pride in our world class client support. If you have any questions don't hesitate.

How receivable factoring works?
Below is a step by step of the factoring process, its quick and easy.

1. We establish a credit limit on the customers you submit to us.

- Tell us their business name, address, and amount you need and
- We pull credit and establish a limit without delay

2. You will complete your business transactions as usual

3. You send or deliver your invoices directly to Vast Funding

- Using our simple form to summarize and calculate the amount needed
- Then you attach the proof of delivery you usually send to your customer.

4. We verify that the product was received or service was performed

5. You then receive your cash from Vast Funding

- We wire the funds into your bank account within 24 hours

6. We forward your invoices to your customers and they pay us directly.

- It’s really just that simple. CLICK HERE TO GET A QUICK FACTORING QUOTE.

How Vast Fundings Factoring Can Benefit YOUR Company:

The core benefit of factoring with Vast Funding really comes down to adding profit to your growing business. Below is a list of how your business will profit from factorig.

TAKE ON ADDITIONAL BUSINESS

- Most of our clients are able to do more business if they have better cash flow. ie- not having to wait to get paid from slow receivable invoices. With Vast Funding you know you are getting paid immediately.

- Factoring makes the funds readily available to take on new jobs.

- Factoring gives you the piece of mind that the funds are available to hire more employees when needed, pay suppliers, pay bills, expand your business and make payroll.

REDUCE EXPENSES

- Many of our clients actually reduce expenses, how you ask, by outsourcing credit, and administration to Vast Funding by leveraging their current cash flow position.

The most common ways include:
- eliminating bad debt with Vast Funding’s credit guarantee
- reducing collection and administrative expenses - switching your manpower from collecting invoices to marketing and production
- receiving cash discounts from suppliers by paying early

IMPROVE YOUR FINANCIAL CONDITION

Exchanging invoices for cash enables businesses like yours to get current, remain current, or just reduce strains caused by tight cash flow. It also improves their own credit rating. Here are some examples we frequently see:

- staying current with suppliers and creditors
- establishing payment terms with suppliers, further improving your businesses cash flow
- meeting regular payroll obligations
- bringing your companies payroll taxes current

Every company has it's own unique situation. Before signing up to factor, it’s important to estimate how our services at Vast Funding can increase your business, reduce your expenses, and improve your companies financial situation. Call a Vast Funding representative now at 1-888-896-7574 or request information by clicking on the quick quote link below, and we can answer any of these important questions.

CLICK HERE TO GET A QUICK FACTORING QUOTE.