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HOW IT WORKS
In this transaction, the client transfers his invoices to GO2 Fintrade to manage the collections process. You can access up to a 90% advance on those accounts receivable and thus convert long-term sales into cash sales. When the end client pays on the factored invoice due date, GO2 Fintrade will transfer the difference to the customer immediately through our automated system. This Factoring Funding Solution can help you fund your business by unlocking the power of your accounts receivable.
Within the product offering, GO2 Fintrade specializes in national and international factoring to help smaller companies finance B2B operations. Internationally, we are deeply knowledgeable in the emerging markets of Latin America as they require financing facilities for their exports to the US and Europe.
BENEFITS
- 10,000 & up to $10 million available
- Set up in 3 to 5 working days
- No facility fees - No Audit Fees
- Applicant and end buyer must be insurable
- Increased Cash Flow
- Faster growth
- Flexible Terms
- Efficient management of seasonality
- Risk Evaluation of Debtors
- Monitoring of Payment Dates
ADVANTAGES
- Providing the cash flow finance and debt management solution that your business needs to succeed
- Offers a flexible source of working capital driven directly by your trade credit invoices
- Delivers responsive, cost-effective and alternative to a bank overdraft or loan
- Helps you turn today’s sales invoices into tomorrow’s cash flow
- Allows extends favorable terms to customers with confidence
- Cash in your account withing hours instead of weeks and months to manage business operations
- Simple tool to smooth out cash flow
- Quick access to growth Capital
FACTORING OPTIONS
- Invoice Factoring
- Medical Factoring
- Freight Factoring
- Spot Factoring
- Construction Factoring
Terms
- Factoring fees range between 0.69% - 4.59% (depending on the days sales outstanding. The average 2.25%)
