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Consultant Factoring Company
Alliance One LLC understands the challenges facing the small to mid-size consulting companies. Consulting companies provide services, opposed to products. Trying to obtain a traditional loan is more difficult in the consulting industry than it would be in an industry that that has inventory assets. When the services have been rendered by the consulting company, an invoice with net terms is sent out. The net terms are normally payable within 30 or 60 days. In a lot of scenarios, consulting companies have multiple employees that they need to pay on a weekly basis. Waiting to get paid 30, 60 or even 90 days presents working capital challenges, regardless of the size of the consulting company. To improve working capital, many consulting businesses turn to invoice factoring companies to sell their account receivables. Consulting Factoring has become increasingly popular as it's taking longer to collect on your aging invoices.
Alliance One will purchase your aging invoices for immediate cash. You bill your customers for the services you provided, then forward us a copy of the invoice. We verify that the services have been completed, then we wire you up to 95% of the invoice amount within 24 hours. We hold on to a small reserve until that invoice is fully paid. Once the payment has been made, we release the reserve money back to you, less our discount fee. If you are a consultant, and you need faster access to your cash, then we have a solution.