What is Accounts Receivable Financing?

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Millennium Millionaire Mindset

Millennium Millionaire Mindset , 1900 Century Place Ste 240 , Atlanta GA 30345 , 687.718.5646 , millenniummillionairemindset@gmail.com 

Accounts receivable financing, also called factoring, is a method of selling receivables in order to obtain cash for company operations. Accounts receivable (A/R) are amounts owed by customers for goods and services a company has sold to those customers.

HOW IT WORKS (EXAMPLE):

Let’s say Company XYZ sells widgets. It has about $1 million in receivables from customers who have not paid for their widgets.

Company XYZ needs cash right away because it is trying to finish building a factory. A/R is an asset, and as such, it appears on the balance sheet. In particular, A/R is a current asset, meaning that the amount owed is expected to be received within the next 12 months.

Company XYZ calls a factor, which purchases the receivables for $750,000. In the deal, Company XYZ gets $750,000 right away, and the factor gets the right to all the money from the receivables ($1 million). A factor is a financial institution that purchases receivables from a company. The factor then assumes the risk of customers paying late or not paying at all.

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WHY IT MATTERS:

Accounts receivable financing can be a complicated process, but the basic idea is that companies can trade cash flows later for cash flows now, which is very useful for companies that need cash right away. It can also be expensive, as the example shows (Company XYZ gave up $250,000 of its receivables for the deal).

Because factors assume the risk of collecting the receivables, they are very choosy about which companies they work with and the creditworthiness of the companies’ customers.

HOW TO APPLY FOR FUNDING FOR YOUR COMPANIES ACCOUNT RECEIVABLE NEEDS WITH US

ACCOUNTS RECEIVABLE FINANCING

How it works!

No 1) Millennium Millionaire Mindset takes your existing invoices and turns them into capital!

No 2) You send the Invoice to your customer and Millennium Millionaire Mindset Company.

No 3) Millennium Millionaire Mindset will verify the invoice then advance upto 70% – 90% of the invoice directly to you.

No 4) Your customer then pays the invoice via ACH, wire transfer or a check, made out to your company, but sent to Millennium Marketing Company lockbox.

No 5) Millennium Millionaire Mindset then sends you the balance less our fee.

You now have working capital available to you to enable such things as, making payroll , taking on new contracts, or growing your business.

THE MILLENNIUIM MILLIONAIRE MINDSET ADVANTAGE
NO DEBT IS ADDED TO YOUR BALANCE SHEET

Millennium Millionaire Mindset Company uses your invoices to advance your company working capital. By using Assets you already posses, no debt is created for you to pay back.

NO EQUITY IS REQUIRED, KEEP 100% OWNERSHIP OF YOUR COMPANY

CHOOSE MILLENNIUM MILLIONAIRE MINDSET
# Deal directly with decision makers
# Same day approval / closing in 2-5 days
# 100% Financing on Purchase Orders
# Challenged Credit and Years in Business are Non-Issues
# Assigned Account Team

Click on the PDF to see a clearer version of the PDF

Traneisha accounts Receivacles Pdf

How Millennium Millionaire Mindset process your Accounts Receivable Funding Request

 

 

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