how does far west capital fund your business?
Or: What’s factoring, and should you use it?
are you…
…a new business?
…growing quickly?
…invoicing your customers and clients?
…often waiting on customers to pay outstanding invoices?
…in need of capital to pay your employees, upgrade your business, and handle your growth?
…growing quickly?
…invoicing your customers and clients?
…often waiting on customers to pay outstanding invoices?
…in need of capital to pay your employees, upgrade your business, and handle your growth?
If you answered “yes” to all or most of the above, factoring is probably for you. There’s only one requirement:
You have to be a business that invoices your customers.
You have to be a business that invoices your customers.
here’s how it works.
You provide a service, sell wholesale product
or issue licenses to a customer.
or issue licenses to a customer.
Instead of invoicing your customer
directly, you send the invoice to
Far West Capital.
directly, you send the invoice to
Far West Capital.
Far West Capital invoices your
customer…
customer…
…and sends you 80-95% via direct
deposit, usually the same day.
deposit, usually the same day.
With cash on hand, our clients can then…
Pay employees on time
Fund equipment purchases
Expand their facilities
Add a new product line
but is it worth it?
One client of ours needed to make more briefcases.
They’d sold a big order, and they needed $1,000,000
to buy more materials for these briefcases.
They could:
1. Find an investor and sell 25% of their equity
2. Come to us with their sold purchase orders
With $1,000,000 against their existing purchase orders,
they were able to grow to an annual revenue of
to buy more materials for these briefcases.
1. Find an investor and sell 25% of their equity
2. Come to us with their sold purchase orders
they were able to grow to an annual revenue of
$5,000,000.
What else should I know about factoring?
It’s not a loan.
Instead, factoring simply considers your invoices assets – and pays you money. You’ll never be put in a situation where you can’t pay a loan.
It works best in a long-term relationship.
Beware of “easy money” – if you’re considering factoring, it helps to have a partner who understands your longterm goals, your history, and your growth needs.