The main challenge that businesses often encounter is managing their cash flow effectively. This can be difficult when you have to wait a long time, sometimes up to 90 days or more, to receive payment for the goods and services you have provided. This can make it hard to make important business decisions, such as hiring more staff or buying more inventory.
J D Factors can help by buying your open accounts receivable for immediate cash. This process is called factoring. J D Factors will purchase your open invoices at a discounted rate, giving you the cash you need right away (usually within 24 hours). Additionally, J D Factors offers non-recourse factoring, which means that, while they are collecting on your open client invoices, they accept the credit risk. So, if any of your clients cannot pay their invoice for a credit reason, you will not be held liable. This is different from full-recourse factoring, which would still require you to worry about your clients defaulting on their payments. With non-recourse factoring, you can get immediate cash for your invoices without having to go through the hassle of collections.