Even if you have no credit, we are happy to work with you to get you the cash you need.Īll of our customers pay on credit card While a credit card payment is fast, easy, and guaranteed, you may be missing out on picking up larger accounts and getting bigger orders. However, at DSA Factors we are more concerned with your customers credit than with yours. Furthermore, as a new start up, it can be very difficult to get a bank loan, after all you haven't had a chance to establish credit yet. Even if you subscribe to an expensive credit agency, there is no guarantee that you will get paid and you'll be spending all of your free time making collection calls. By factoring your accounts receivable not only do you speed up your cash flow, but you are working with an experienced partner who is already familiar with most of your customers and will guarantee your receivables and do all of the collection work for you. Furthermore, as a new start up you aren't familiar with any of your customers yet, how do you know if they will even pay you in 30 days when the invoice is due. The last thing you want after you make a sale is to wait around 30 or 45 days or even longer to get paid for your merchandise or services. Most new start ups experience a lot of large expenses in setting up their new business such as rent, inventory, equipment, software, advertising, trade shows, and anything else you may need to get your business off the ground. I am a new start up One of the most important times to use invoice factoring is when you are a new start up. At DSA we will never charge you any interest no matter how long it takes your customers to pay, when you work with DSA you know exactly how much you will have to pay. While other companies may offer incredibly low rates for their services, they will charge you interest for the amount of time it takes them to collect and for the funds to clear the bank. DSA offers its clients a low flat rate fee for its invoice factoring services. DSA will also handle all of the collection work for you, and our non-recourse factoring means that your receivables are insured if one of your customers can't pay for financial reasons. When you factor your receivables you sell them at a discount and in exchange DSA will advance you funds for them that same day. If you offer terms to your customers, whether they are net 30 days or longer, then you are an ideal candidate for invoice factoring. Often times this is known as accounts receivable financing. Invoice factoring is simply selling your accounts receivable (or invoices) to another company known as a "factor".
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