Accounts Receivable FinancingAccounts receivable financing is a type of loan for securing fast working capital that uses a business's accounts receivable as collateral against the loan. It should not be confused with accounts receivable funding/factoring. Accounts receivable financing is a business loan, not an outright sale. With accounts receivable financing, the company purchasing the accounts receivable then takes on the responsibility of collecting them directly. However, with accounts receivable financing, loan payments are due as the business's accounts receivable are collected. The small business is still responsible for collecting on those invoices and for making its loan payments. If payments are not made, the business's accounts receivable can be seized.
At ibank.com, finding an accounts receivable financing lender can be done quickly and conveniently. By securing accounts receivable financing through ibank.com's Loan Center, a borrower can sort loan proposals by rate and by term and obtain working capital more quickly--without meetings, without paper, and without hassle. Call customer service at (877) 999-6465 for more information. |
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