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Accounts receivable financing, also called factoring, is a method of selling cash for company operations. Accounts receivable (A/R) are amounts owed by customers for goods and services a company has sold to those customers.in order to obtain
HOW IT WORKS (EXAMPLE):
Let’s say Company XYZ sells widgets. It has about $1 million infrom customers who have not paid for their widgets.
Company XYZ needs asset, and as such, it appears on the balance sheet. In particular, is a current asset, meaning that the amount owed is expected to be received within the next 12 months.right away because it is trying to finish building a factory. is an
Company XYZ calls a receivables for $750,000. In the deal, Company XYZ gets $750,000 right away, and the factor gets the right to all the 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., which purchases the
WHY IT MATTERS:
Accounts receivable financing can be a complicated process, but the basic idea is that companies can trade 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 for the deal).flows later for
Because receivables, they are very choosy about which companies they work with and the creditworthiness of the companies’ customers.assume the risk of collecting the
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
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How Millennium Millionaire Mindset process your Accounts Receivable Funding Request
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