At Park Funding Solutions, we understand you need a financing solution that is flexible enough to expand with your growing business.
To assist you, we offer accounts receivable financing (also known as invoice factoring). This service is available to businesses of various sizes and industries, and is a valuable tool in keeping your business competitive and thriving.
Whether you need cash on-hand to pay vendors or cover payroll, we can help. By signing up for invoice factoring with Park Funding Solutions, you can exchange outstanding invoices for cash to help you keep your business running smoothly.
How Does Invoice Factoring Work?
Once you sign up for invoice factoring, it's easy for you to get the funds you need, when you need them. This all happens in just a few easy steps:
1. You perform a service for a client and you send us the invoice.
2. We provide you with a cash advance on your invoice.
3. We collect the full payment of the invoice from your client.
How Does Accounts Receivable Financing Benefit You?
There are many benefits to signing up for invoice factoring besides getting an advance on your invoices. When partnering with Park Funding Solutions, you are partnering with an established banking institution. This allows us to provide extremely competitive pricing compared to other private factoring firms.
Also, we are an established banking institution, allowing us to provide extremely competitive pricing compared to other private factoring firms. With us, you can receive the cash you need with lower rates than most factoring companies.
Other benefits include:
- The ability to free up time and money for your business
- Receiving up to 90% of an invoice
- Additional financing as your receivables grow