|
Service Offering
Current Programs
|
 FactoringAccounts
receivables are valuable assets and can generate much needed cash flow
for any business. East Bridge can help you manage that asset by
evaluating its worth, lowering the management overhead, and giving you
the ability to factor or sell receivables for cash as your business needs
it. Factoring is the sale of invoices at a discount to a factor for
immediate cash. Invoices are due to be paid at some future date. The
factoring company pays you for the invoices immediately and then
receives payment from your customer(s) for the invoices. East
Bridge Funding's accounts receivables factoring programs not only
maximize cash flow, but they also put you in a position to increase
profits and enable you to get the cash flow you need when you want it.
Factoring usually has quick funding turnaround times. Ask Us How.
Factoring works great in these industries:
Trucking and Transportation
Medical
Furniture
Electronics
Security Services
Publishing
Textiles
Sell ReceivablesIn
addition to factoring invoices, you can sell receivables that you may
have with consumers such as retail installment contracts, promissory
notes, drafts, checks, instruments, credit insurance proceeds,
indemnity proceeds, service plans, security interests, and warranty
proceeds. When you sell receivables such as these, they are generally
sold, like factoring, at a discount. and a reserve may be held. You sell
these receivables on a one time only basis or monthly as you create
them. Learn more about installment contract funding.
Bad Debt Purchase
You
can also sell receivables that are considered bad debt. These would be
receivables that you may have written off or that have no activity on
them. East Bridge Funding's network will still buy these portfolios at a
highly discounted price.
|
|
|
