Ft. Lauderdale, FL (PRWEB) December 31, 2014
BusinessCash, a factoring company offering services across the US, announces a new invoice verification service supporting credit unions, community banks and ABL groups by dramatically reducing risk in funding invoice factoring and purchase order financing transactions. Their program, previously only internal, has resulted in a historical loss of less than 1/2 of 1%. BusinessCash attributes their success to prudent risk assessment and taking control over the process.
Credit unions, community banks and ABL groups can brand BusinessCash's products under their own banner but outsource all credit, verification, collection, risk and back office functions to BusinessCash utilizing their 16+ years of experience. Further, BusinessCash shoulders credit risk with their portfolio insured against bankruptcy/insolvency in regards to the banks customer’s clients (the account debtors).
Chris Curtin, BusinessCash's National Sales Manager says, "We look at risk in all its flavors: fraud, proper verification, dilution and debtor credit risk just to name a few. This process protects the bank, the factoring company and factoring client helping ensure a smooth and successful transaction."
BusinessCash's new program offers alternate sources of financing at low risk helping extend additional funding to a banks client base. It also helps the bank retain the client for other bank products. The bank will also have a borrower opportunity when the customer fits their lending criteria in 6-24 months.
Since 1998, BusinessCash.com has offered solutions to tough business cash flow problems including; extreme cash flow issues, rising expenses and shrinking profit margins. From wholesalers to temporary staffing agencies, from government contractors to oil and gas industry suppliers; business owners have successfully grown their companies through Invoice Factoring, AR Management, Credit Protection and Purchase Order Funding with BusinessCash.com. To get funded now, please call 866-598-4295 or visit http://www.businesscash.com