Factoring is a business practice that has been dated as far back as the 14th Century when merchants began looking for alternative financing to the banks. Factoring has come a long way since then; It is a multi-billion dollar a year industry in North America.
There is a common misconception that factoring is only right for companies that are suffering financially, but this is simply not true. Extremely successful and profitable businesses choose to factor their receivables for two reasons: Firstly, factoring saves the costs of having an accounts receivables department, which can be quite expensive for larger companies. Secondly, factoring frees up funds that businesses can use to grow and expand. All this leads to one conclusion, factoring your accounts receivables can actually be profitable!
Here are just a few of the reasons why Baron Finance stands out from its competitors:
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We offer up to 95% upfront for your receivables
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We guarantee the most competitive fee structure in the market
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We have no preset limit
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We offer interest free short-term loans
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We supply clients with 24 hour online access to our invoicing system
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We provide broker payment history, updated daily, so that our clients can make informed decisions
Our client base consists of companies from a myriad of industries ranging from asphalt providers to food caterers. We provide finance solutions for all companies, no matter what shape or size.
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