Accounts Receivable and Invoice Factoring in Fort Lauderdale, FL
What is Accounts Receivable Factoring?
A/R Factoring provides a method to free up cash for your Fort Lauderdale business by selling your invoices at a discount. If you are offering quality invoices, invoices that you expect to be paid in the near future, then chances are good that a Fort Lauderdale factoring company will buy your invoices for a discounted price. This will get you cash within 3 to 5 days instead of 3 months or more.
What Invoices Will Fort Lauderdale Factoring Companies Buy?
Many factoring companies in Fort Lauderdale will not buy accounts receivable that are self-pay (owed by patients directly) or long term payments from personal injury, workers compensation or no-fault accounts receivables. If the payment is expected in a shorter time frame, some Fort Lauderdale factoring companies will consider buying medical accounts receivable invoices from personal injury, workers compensation or no-fault services.
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To find out how much you qualify to have factored, take the time to fill out a brief online factoring form.
Quickly Calculate How Much Cash Flow You Could Generate With Invoice Factoring
Try to put in exact payroll figures and provide best estimates for customer creditworthiness. If you have a current invoice factoring company in Fort Lauderdale, they should provide a monthly invoice that will show your total charges and cash flow. Compare and save.
Current Invoices: $28473
Projected Factor: 10.91%
Our Cost: $3,274.40
Immediate Cash for Your Business: $25,199
Examples detail the fees paid by the clients based on the creditworthiness of their customers, average length of accounts receivable, and individual company factors.
| Invoice Factoring | Accounts Receivable | Amount Factored | Immediate Cash for Business |
|---|---|---|---|
| Example 1 | $76,099 | $7,488 | $68,610 |
| Example 2 | $22,924 | $2,098 | $20,826 |
| Example 3 | $39,281 | $3,986 | $35,295 |
| Example 4 | $128,650 | $11,864 | $116,786 |
| Example 5 | $152,198 | $14,735 | $137,463 |
| Example 6 | $45,847 | $4,439 | $41,408 |
| Example 7 | $117,852 | $11,864 | $105,988 |
| Example 8 | $63,827 | $6,193 | $57,634 |