iBank - Accounts Receivable Funding

Accounts Receivable Funding

Accounts receivable funding (also known as accounts receivable factoring) is a quick and easy method of raising working capital for small and medium-sized businesses. By selling their invoices (listed as accounts receivable in the assets section of a balance sheet) for goods or services rendered to a larger company at a discount, a small business is able to secure immediate funding while the larger company assumes the credit risks of taking on the accounts and collecting the money owed.

ibank.com makes it easy for a small business to obtain working capital with accounts receivable funding. By registering with ibank.com, a small business can instantly find a host of local lenders who are interested in providing them with an accounts receivable loan. The client can then compare proposals, negotiate with the lenders, and ultimately choose the lender who will best benefit them, all online--without the need for faxes, post, or paper--via ibank.com's Digital Loan Center.

Benefits of Accounts Receivable Funding
With accounts receivable funding, a company's accounts receivable act as collateral, and repayment comes from their clients as they pay their invoices. Thus it is a good option for a business that needs immediate working capital, but doesn't necessarily have established credit yet. It also eliminates the need for monthly loan payments, as well as the yearly loan review process.

To register a small business with ibank.com, visit the registration page. Choose a location, loan amount, and preferred type of loan, then create an account username and password. Or call customer service toll free at (877) 999-6465 for more information.

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Accounts Receivable Funding

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Small Business Loan Center