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Credit Card Factoring For Your Business

By Daniel Samoohi

Credit card factoring is a scarcely utilized financial method that gives needed cash to entrepreneurs through their credit card processor. A very little amount of entrepreneurs realize that they have this choice and go straight to family or a bank when they need cash to pay for expansions, repairs or upgrades of their stock and equipment. If you are a business in need of cash immediately, you should look into factoring as well.

The concept behind factoring is a bit like selling futures. You, as the entrepreneur, agree to sell future credit card revenues at a cheaper price to the factoring company. The funds is given now in exchange for anticipated sales in the next several months.

These arrangements are most commonly for the near term, rarely more than one year, and are a viable way for a business with a verifiable credit card sales track record to obtain necessary money.

Unlike a bank loan, where the repayment term is set for the entirety of the loan, a factoring arrangement takes into consideration the fact that in almost every business there are excellent months and slow ones. Your payment is directly tied to your credit card revenues, as a percentage, not a set number.

If you have chosen to pay a ten percent daily capture and you charge $8,000 one month, your payment that month comes out to $800. In following month you may charge $10,000 and pay $1,000. This flexibility is a wonderful asset for a growing company.

An additional benefit of credit card factoring is the quickness,short time in which the funds turns up in your hand. While a bank may take several years of decision making and dictate how you utilize the funds when and if they give it to you, with a factoring agreement, you will have the working capital in about a few working days, and you can apply it to whatever you see fit.

Dating back to early 2008 Daniel Samoohi has aided thousands of business owners find reliable providers in order to compare quotes for credit card factoring. He also helps start ups as well as established businesses find great deals for merchant services in order to process credit cards as a payment method for their businesses.

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Article Citation
MLA Style Citation:
Samoohi, Daniel "Credit Card Factoring For Your Business." Credit Card Factoring For Your Business. 6 Jul. 2010. 1 May 2015 <>.

APA Style Citation:
Samoohi, D (2010, July 6). Credit Card Factoring For Your Business. Retrieved May 1, 2015, from

Chicago Style Citation:
Samoohi, Daniel "Credit Card Factoring For Your Business"

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