Most businesses have liquidity tied up in accounts receivable \u2013 revenue that has been invoiced but remains outstanding. The waiting period typically can take as little as 30 days but can be as much as 45, 60, or even 90 days or more for fulfillment. Contrast this with suppliers who often insist on immediate settlement of their invoices. This mismatch weakens a business\u2019s liquidity, especially small businesses that don\u2019t have a high degree of working capital to begin with. Obtaining funding from banks and other traditional sources can be a long and arduous process, often leading to frustration and disappointment. Consequently, business owners have discovered another option \u2013 factoring.<\/p>\n
Miledas\u2019 core business offering is based on the practice of factoring \u2013 the purchase of creditworthy insured \u201creceivables\u201d to provide businesses with immediate cash relief so they don\u2019t need to wait 30 days or more to collect on outstanding invoices.<\/p>\n
By selling invoices to a factor, businesses acquire additional amounts of immediate working capital (typically up to 85% of the invoice) and, in exchange, the factor receives fees for funding the transaction.<\/p>\n
In 2013, there were more than $100 billion worth of factored transactions in North America and close to $3 trillion worldwide. Clearly, this is a large and rapidly growing area of opportunity within the financial solutions industry.<\/p>\n
Discover an exciting alternative to traditional franchise ownership. Bring your entrepreneurship and let Miledas deliver the ultimate balance of business independence and personal freedom. Become a Miledas Franchise Owner. You owe it to yourself to find out more.<\/p>\n","protected":false},"excerpt":{"rendered":"
Most businesses have liquidity tied up in accounts receivable \u2013 revenue that has been invoiced but remains outstanding. The waiting period typically can take as little as 30 days but … <\/p>\n