Press Release Summary: Magnolia Financial provides financial services such as invoicing factoring, account receivable, accounts receivable factoring, factoring invoices etc. We are leading financial institution in the field and their flexible financial plans always ensure that you are always on the profitable end.
Press Release Body: If you are into business and going great guns by earning hefty profits then you must be aware of what invoice factoring is. Literally speaking, invoice factoring means procurement of an invoice from a business by a financial institution for an amount less than its actual face value. Thereafter, on the due date, the factoring company collects the full amount of the invoice from the account debtor. This kind of financial service is specially designed for businesses that cannot wait for days and months and need to get some cash, urgently. In the layman's tongue, when you buy or sell goods to a particular business, an invoice is generated. That invoice carries the total amount along with the terms and conditions. It also states the number of days in which the invoice must be paid. Then this generated invoice along with its terms becomes an account receivable, meaning money payable to a business, from a business, for goods or services delivered. Usually the invoice is for 30 to 90 days and you have to wait for that stipulated time for the revenue to be generated. At times though, some businesses can't afford to wait for that long a period of time.
In order to be better compensated, companies sell their invoices to some other financial institution and get cash in exchange, at a discounted rate. This is the complete process of invoice factoring and the company dealing in this is known as invoice factoring company. This invoice factoring or also known as Accounts Receivable Factoring, allows you to settle outstanding receivables to a financial institution. This means the complete elimination of the bad debt as a non-recourse factor will assume the risk of bad debt. Moreover you'll be receiving your money instantly, you don\'t need to offer any early payment discounts. In short, invoice factoring will save every dollar in discounts that your clients were taking. The biggest advantage or benefit in invoice factoring is that factoring cannot be termed as a loan. As a result, your business is not incurring any added debt. But it is wise to carry out an extensive market research before zeroing in on any financial institution since it is most probable that they might have hidden costs. This would also not be necessary in case you utilize the services of Magnolia Financial.
Magnolia Financial is the leading institution in the field and their flexible financial plans always ensure that you are always on the profitable end. The main highlight of Magnolia Financial is that you don't have to be in business for three years. They have done wonders for the start up businesses and showed them the right way. Apart from that, they don't have the typical fees which other financial institutions usually levy. Working in a 24x7 environment they provide secure and strict online access to all their clients. Last but not the least Magnolia Financial is a factor not a broker and hence no hidden cost and fees.
Web Site: http://www.magfinancial.com
Contact Details: client name Scott Stevens category Finance - Factoring phone no. 866.573.0611 address 187 West Broad St , Spartanburg, SC 29306, USA , N29306 fax 864.573.9912 zip code 29306 company name Magnolia Financial Inc. city Spartanburg state SC
2022
