Marathon Financial provides factoring of accounts receivable. We are a direct lender, not a broker, and can provide funding in as little as 24 hours.
Accounts
Receivable Funding, also known as Factoring
is the sale of your business receivables at a discount
in exchange for immediate cash for operating expenses
and growth.
The
program is very simple and easy to use. Whenever
you want to factor invoices, you send them to Marathon
Financial by FAX or E-mail. Marathon Financial advances 80% against
these invoices, typically by ACH
or wire transfer (within 24 hours).
The invoice is
paid directly to Marathon Financial who retains the amount originally
advanced plus a nominal fee, and returns the balance
to you.
Factoring
is not a loan. There is no debt repayment, no
compromise to your balance sheet, no long-term agreements
or delays associated with other methods of raising capital.
Factoring allows you to use your own hard earned assets
to create cash for the growth needs of your company today.
The
money is cash without borrowing. Funds are available
immediately upon presentation of invoices and backup
documentation. You don't need to go to the bank and
re-negotiate a loan every time you need money. The
amount of cash available is directly related to your
monthly sales volume. Bookkeeping is simplified and
factoring your receivables keeps you from being both
the supplier and the collector. Factoring your receivables
will save you time and increase your ability to service
more clients.
