Accounts Receivable Line of Credit (Business Loan) is for the customer that can manage their cash needs on a daily basis) is for the customer that can manage their cash needs on a daily basis. An AR Line customer will still enjoy the benefits of outsourcing the accounts receivable management. Mint Financial Group will purchase invoices and use those invoices as a pool of collateral for a credit line to be drawn upon as needed.

Quick Cash

To acquire accounts receivable financing, you won’t need an intricate business plan or years’ worth of tax statements. Usually businesses that get accounts receivable financing have good customers and a good business, but banks don’t like the business financial ratios.

 

 

 

A lot of companies have capital, it’s just tied up in other resources such as inventory or invoices. Getting some free flowing capital will be far more helpful to your business than already allocated capital.

This is where accounts receivable factoring benefits many businesses.

 

 

Pass the Buck

Well, not actual dollars, just the responsibility of collecting them. When you outsource your accounts receivable to another company, it frees up precious resources and allows your staff to focus on more important matters.