What is Factoring?
It's no secret that cash flow is the lifeblood of every business. Successful businesses require consistent cash for ongoing operations and additional cash reserves to fund growth opportunities. Maintaining sufficient cash can be difficult for new businesses and businesses experiencing rapid growth. Gulf Coast Business Credit can provide immediate assistance by turning your accounts receivable into cash.
With accounts receivable financing, otherwise known as factoring, GCBC considers your customer’s ability to pay, not yours. The biggest attraction to factoring is not being held captive by slow-paying customers.
Factoring with GCBC lets you turn your invoices into cash that can immediately be used to meet payroll and other expenses.