Philmark’s Accounts Receivable Financing and Spot Factoring™ services. A/R Factoring is a fast cost-effective method of generating short-term working capital using your Accounts Receivable without the need for any additional collateral!
Factoring is an inexpensive tool to ease cash flow pressure caused by slow paying customers. Payment of invoices is usually not a problem but the time it takes to receive payment can create formidable challenges to rapidly expanding small businesses.
By selling specific Accounts Receivable with good credit risk, your company can accelerate cash flow and is able to immediately take advantage of new business opportunities, pending purchase orders, or meet any critical operating expenses. Unlike traditional bank financing, factoring relies on the financial strength and creditworthiness of your customers, not you.