Santa Clara, CA -- (SBWIRE) -- 07/09/2014 -- Bay View Funding added a fun and informative video to their website explaining how simple, fast and efficient the process of invoice factoring can be. A short process guide is also available which compliments the video. The collateral is designed to help companies understand the value of accounts receivable financing and how it can be the perfect answer to their working capital needs.
In the video, David, the main character, is unable to receive a loan or line of credit from the bank since he has not been in business long. He is responsible for the working capital requirements of a small business with a strong customer base and plenty of active accounts receivables. Many of his customers take 60-90 days to pay their invoices but David needs to make sure all his operational expenses are covered. The video explains how Invoice factoring is an effective way for companies to access working capital today for invoices due to be paid in the future, and therefore cover operational expenses and grow. It also emphasizes that it is the creditworthiness of customers, and their ability to pay invoices that is essential, rather than the creditworthiness of the company applying for factoring.
The concise process guide helps clarify how invoice factoring works, from initial contact with an invoice factoring company, basic information required to qualify for an offer, to beginning to factor and receiving funding in as little as 24 hours. It also details the added benefits available when you factor with Bay View Funding, such as an in-house credit department, the ability to choose which invoices to factor, and that you are not locked in to any long-term contracts.
While the invoice factoring process may seem obvious to many, there are still companies who have not yet realized the potential benefits of this type of financing. “At Bay View Funding, each member of our dedicated team promises to genuinely, and personally provide you with the best factoring solution to meet the unique and specific needs of your company.” – Glen Shu, CEO.
ABOUT BAY VIEW FUNDING
Headquartered in the San Francisco/Bay Area, Bay View Funding is a successful provider of accounts receivable financing for major industries, including staffing, distribution, manufacturing, government contracting, oil and gas, trucking and wholesale. The team of financial experts at Bay View Funding has been providing factoring services to businesses – in a wide range of industries – for more than three decades.