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BeneFactor will help your business grow through the purchase of your accounts receivable. This process is known as factoring.
Factoring is a very simple process. Once you are set up with BeneFactor, you will submit invoices for funding. BeneFactor will advance you a high percentage (usually 75% to 80%) of the face amount of such invoices. As BeneFactor receives the payments for such invoices from your customers, you will receive the remaining percentage of such invoices (known as the reserve) less BeneFactor's fee. BeneFactor purchases invoices from its clients every single business day, and disburses reserve every Friday.
In addition to providing your business with needed funds, BeneFactor gives you a number of other valuable services at no additional charge. BeneFactor acts as your accounts receivable department by tracking your receivables, providing aging reports, issuing late notices and making collection calls. BeneFactor also acts as your credit department by providing credit information on and evaluations of potential customers, thereby reducing your credit risk. THESE VALUABLE SERVICES WILL SAVE YOU TIME AND MONEY!
At BeneFactor, we devote 100% of our efforts to factoring and the related services described above. As a client, you will benefit from our superior service.
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