Factoring is a form of working capital finance whereby clients sell their Accounts Receivable for an agreed term and recieve immediate cash availability. Factoring provides the following advantages:
Immediate cash advances of 80-90% of the invoice amount, with the balance being paid to you when your customer pays us.
Franklin does all your accounts receivable processing from the time you issue an invoice to collection. We provide you with a report every time a customer pays an invoice, as well as an aged analysis report of all your customers' accounts. Real time updates are available online 24/7.
We investigate your customer's creditworthiness and provide you with credit advice.
Our experienced account managers will at all times interact with your customers politely, tactfully and respectfully.
Factoring is the sale of invoices at a discount to a factor for immediate cash.
The invoices are due to be paid at future dates certain.
The factor purchases the invoice when the invoice is issued and then receives payment directly from your customers.
Toll Free 800-377-3711
T 847-579-4780 • F 847-579-4942
600 Central Ave, Suite 396
Highland Park, Il 60035