Use It As You Need It Small Business Financing

A factoring company like ACD Financial Services (www.acdfinancial.com) offers clients a “use it as you need it” funding option. Each invoice purchase is a separate transaction and does not form part of a portfolio lending approach. The transaction is modeled as a buy-sell transaction. ACD Financial first undertakes a due diligence that typically takes one to two business days. Once completed the client is at liberty to offer invoices for purchase. Upon receipt of invoices, ACD Financial checks the credit of the debtor named on the invoice and makes sure that the sale represented has been satisfactorily completed. Once this is done the debtor is advised of the purchase by ACD Financial and the client receives their funding. At the end of the credit period the debtor pays ACD Financial directly completing the transaction. #smallbiz