f you are on the verge of closing your business because you have no money to pay the bills as you are waiting for slow-paying customers to pay your invoices, receivable factoring can help. This accounts receivable factoring service allows you to have instant cash in your hand to fund your working capital needs for your business. You can pay your employees, order merchandise and purchase equipment.

You should also consider factoring your invoices if you have been denied for a bank loan, or you are eligible for a loan but can’t get as much money as you want in a timely fashion. New Century Financial normally can approve applications in 24 hours and give you the money in a short time thereafter -- unlike bank loans that can take several weeks to several months. We purchase invoices up to 90% of the original amount. To find out if factoring is right for your business, contact New Century Financial today.