WHY CHOOSE GATEWAY COMMERCIAL FINANCE?
Improve your business cash flow fast! We are known as one of the best factoring companies due to our low monthly minimums, competitive rates and ability to help our client companies grow. We provide funding to cover payroll, expenses and other supplier demands to large and small businesses in all industries.
We are the fast funding option when the banks refuse to give you a loan. Our application process is simple, and we offer same day account approval. Our rates are the most competitive in the industry and we are ready to work for you to put cash in your company's bank account quickly!
WHAT IS THE DIFFERENCE BETWEEN FACTORING, INVOICE FINANCING & ACCOUNTS RECEIVABLE FINANCE?
Accounts receivable factoring is a transaction in which a third party (factor) purchases a business's invoices at a discount. The factoring company, as a result, now owns the accounts receivables.
Invoice finance, also known as accounts receivable financing, is a loan in which a business pays a predetermined percent of their invoices to a lender as a fee for the lending service. In this case, the invoices serve as collateral as the business pays off lending fees when invoices are paid. Account receivable financing is very similar to bank loans but with much higher lender rates.
While both solutions are meant to solve short term cash flow problems, invoice financing generally carries much higher costs and risks than receivables factoring.