posted by Jeff Novak: Thursday, December 04, 2008
In the small biz section of cnnmoney.com, there are 3 steps on how to get clients to pay the money that you are owed. 1. Have a method, 2. Play Nice at First and 3. Then Get Tough. As part of the Play Nice method, it is suggested to factor your accounts receivables. Factoring, is when a company, such as Anchor Funding Services purchases your accounts receivable for cash up front, then collects the invoice and pays you the remainder of the funds (minus our fees). This allows you to get funds in as little as 24 hours instead of waiting 30-60 days.
Another advantage of factoring your accounts receivable with Anchor Funding Services, is we provide Bank and Trade References free of charge to all of our customers. Before you do business with a company simply let your Account Executive know the name of the business and a contact and we will run a check on that company to see if they are likely to pay their bills and make a recommendation if you should do business with them. In these difficult economic times, it is essential for a small business to know who they are doing business with. To talk with one of our Business Development Officers about factoring your invoices and our free bank and trade reference checks, please call us at 866-950-6669 or visit our website and get a no obligation quote.
Labels: bank and trade reference check, factor your accounts receivable
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