Many things that we fear or shy away from revolve around 2 reasons:
- We don’t know what it is but we assume it’s not for us
- We have heard rumors about it and don’t like what we hear
I’m sure you can think back on a time you were weary to try a certain food, new sport or new book, but after you tried it, it didn’t seem too bad or maybe, it even became a new favorite.
We’ve heard the same about asset based financing and factoring. When entrepreneurs are looking for working capital alternatives, many have reservations about asset based financing because they are not sure how it works or they’ve heard or read that it’s difficult or expensive. At Far West Capital, we’re here to answer your questions and concerns. We work best when we can get to know your company and help you customize your factoring and financing solutions so that it fits your business.
There is a lot to learn about how it works and how it can help your company, but here is an easy, 3-step example of our working capital financing process:
- You present us with your existing and ongoing accounts receivable, and you receive cash upon presentation.
- We keep you informed of the status of your accounts through a series of timely and easy-to-read online reports.
- Your customers pay back your line by remitting payment to Far West Capital’s lockbox.
Don’t let fear or lack of awareness keep you from success. We welcome your questions and are ready to help.