What are the best Invoice and Debt Financing Choices?
I am President of a National Corporation specializing in the Permanent Placement of Sales and Management Specialists in the Mortgage Business.
I am searching for a firm or Private Investor who would Buy my invoices when an order is completed and assume the responsibility of Collecting the funds owed as a result of these invoices. Common value of invoices is 2500 to 6000 USD each totaling roughly 25 to 30,000 USD per month. Projections show that these numbers will a lot more than double in the subsequent 3 to 6 months.
Since rapid access to these funds would tremendously enhance the money flow of my firm, I am prepared to sell these invoices at 90% of face value. Every invoice is secured by a contract that clearly states when balances are due and that any collection costs would be added to balance due, should payment fail to be produced on time.
Where would I discover an Investor or Firm who could be agreeable to this type of agreement?
Answer by Mark T
Have you thought of factoring the invoices?
