The Sterling Funding Company is able to meet the needs of many local businesses who are having cash flow problems. Factoring is fast replacing bank loans as the favored method of supplying cash to businesses. Non-bank investors, known as Factors, are eager to help businesses to get the funds they need. Factoring makes "cash-slow" into cash-flow by the purchase of invoices and accounts receivable. Sterling Funding is owned and operated by Kelley, a Certified Factoring Specialist.
Factoring is most successfully utilized by new or expanding companies, and can also facilitate a turnaround for struggling companies. With the purchase of qualified invoices, cash is wired directly to a business bank account anywhere in the country within 24 to 48 hours. A one-page application is all that is necessary.
One happy business owner said, "I thought my business was going under because every bank I went to for a loan turned me down. Factoring has saved my business."
Industry rates vary, but a good factoring broker can search for the best possible deal for each business.
Updated 12/05/99
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