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 Factoring
Accounts 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 your receivables for cash as your business needs it. Factoring is the sale of invoices at a discount to a factor for imediate 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 industies:
Trucking and Transportation
Medical
Furniture
Electronics
Security Services
Publishing
Textiles
Sell Receivables
In 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 payables and 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.
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