Whether you are providing your customers with a delivered product or a future service, Worldmine Financial provides you with flexible solutions:
Funding your installment contract portfolio.
Purchasing your seasoned portfolio as well as new originations as you make a sale.
Factoring is a financial option for business. With factoring the business sells accounts receivable to the Factor in exchange for funding. With funds from Worldmine Financial you can manage all of the issues which result from your growth and success: payroll for existing and new employees, the purchase of supplies (with the opportunity of cash discounts), cash requirements for new contracts and customers, and general working capital needs. Once you are set up with Worldmine Financial, our financing sources will usually fund you within a few hours of receiving your invoices.
In addition to providing your business with need funds, Worldmine Financial gives you a number of other valuable services. Our financial sources act as your accounts receivable department by tracking your receivables, providing aging reports, issuing statements and making collection calls. They also act as your credit department by providing credit information on and evaluations of potential customers, thereby reducing your credit risks.
Benefits of Factoring
Typically our clients are firms who realize that the commercial banks are unwilling or even unable to respond to their needs rapidly enough, or do not quite understand their particular business. They include those with no financial history, historical losses, deficit net worth, high leverage, and/or high growth. For many of them, their business are often growing so rapidly that without Worldmine Financial they could not afford to wait the 30, 60, 90 days before they get paid, and thus are either forced into uncomfortable cash flow problems or to pass up on otherwise excellent business or hiding opportunities.
Worldmine Financial funds start-up companies, mature businesses with cash flow issues, companies with balance sheet deficits, businesses with uneven or accelerated sales growth and many other types of businesses – almost every business is eligible. Worldmine can even fund companies with tax liens, if appropriate agreements are reached.
Standard Advances from 70% to 90 %
$30,000 to $1 Billion in sales
For our International Factoring Services click here