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Growth can create cash
flow pressures as a company struggles to meet increased
financial obligations. As a result, many growing
businesses are turning to spot factoring as a flexible
and quicker alternative to traditional financing.
In many cases traditional bank financing or extending an
existing line of credit may not even be an available
option. Spot Factoring enables your company to get
the working capital it needs to grow today!
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Spot factoring is
the purchasing of financial assets in the form
of accounts receivable from a company such as River Rock
Financial. We can convert your current
accounts receivables into immediate cash without
affecting your hard earned equity or incurring
any debt. |
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Traditional bank
loans involve only two parties and are largely
based on the business's credit worthiness, while
spot factoring involves three and is based on
the value of your receivables. Unlike
traditional factoring companies, River Rock
Financial's spot factoring systems are used
as
needed and don't require any long term
commitments or volume requirements. |
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River Rock Financial will
work with you to determine the best way to utilize spot
factoring to help your business succeed. This could result in the occasional
transaction, or a more frequent and well planned timeline of
usage lasting as short or as long as required. |
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| Are you looking to expand your operations? |
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Do you worry about meeting payroll
obligations? |
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Do you need to free up or establish supplier
credit? |
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Would you like to take advantage of early
payment discounts? |
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Do you need to make government tax payments on
time? |
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Although these problems are all
different, they have a common root and a simple
solution. You have slow paying clients and they
are affecting your business. The solution to this
problem is to accelerate client payments using spot
factoring. Spot factoring allows you to break the
45 day payment cycle and reduce it to 2 days. If
you are willing to provide your customers with a 2 & 10
discount for early payment, then invoice discounting in
the perfect solution for you! |
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If slower paying clients are holding
your company's growth back, then invoice discounting may
be the solution that will help your business grow.
Now you don't need to wait for payments to come in,
River Rock Financial will do the waiting for you and
advance your company the money it needs today. |
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While Spot Factoring is
primarily a working capital facility, it may also be
used to fund transactions such as mergers, acquisitions,
management buy-outs, management buy-ins and capital
expenditure programs. |
