DENVER--(BUSINESS WIRE)--Last week CSI Factoring LLC (CSI Factoring) went live with its new invoice factoring website, CSIFactoring.com. The financial services website offers detailed information about invoice factoring (also known as receivables factoring) and an online application for pre-qualification. Invoice factoring is a more expeditious way for companies to obtain working capital or to fuel growth. CSI Factoring will provide cash financing to companies across most industries including manufactures, distributors and service providers.
“With many banks reluctant or unable to lend to small and lower-middle market companies, invoice factoring is a dependable and beneficial alternative,” said CSI Factoring CEO, Christopher A. Smith.
The Business Case for Factoring
Balancing and forecasting cash flow is a challenge for any business and companies often wait 30-60 days to receive cash from its accounts receivables. When a business is facing unanticipated expenses or receivables are delayed, an immediate cash infusion becomes critical. Invoice factoring is a way for companies to secure funds without taking on additional debt. “By purchasing a company’s invoices and advancing up to 90% of the face value, CSI Factoring helps business owners meet payroll, pay taxes, satisfy debt, hire new talent and retain employees,” adds Mr. Smith.
Learn More and Apply Online
Factoring applications are typically reviewed and approved in one business day. There are no long-term contracts or hidden fees associated with the service. Businesses interested in learning more about CSI Factoring can visit www.csifactoring.com.
About CSI Factoring LLC
CSI Factoring LLC specializes in originating, structuring and providing accounts receivable financing solutions to commercial borrowers. CSI Factoring is a subsidiary of CSI Holdings LLC, a diversified commercial finance company with a niche of lending to small-scale businesses. Search www.csifactoring.com