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. Marathon Financial advances 80% against
these invoices by sending you a check via Federal Express
or wire transfer (Within 24-48 hours).
Upon collection from your customer when the invoice is
due, Marathon Financial 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.