How it Works:

Many businesses have turned towards an effective substitute to traditional bank loans. The basic principle behind this newest finance solution is selling your future receivables. This type of financing, called factoring, has been around for years, but recently Columbia Advance Group has modified older formats to better fit small to mid-sized business. Factoring can also be called accounts recievable financing and is responsible for converting those accounts recievable (future credit card sales) into cash.

This is not a loan by any means. There is no interest, no personal liability, or prolonged approval waiting time. The structure is quite simple; Columbia Advance Group will buy your future receivables, your future credit card sales, at a discount.

Imagine not having to worry about a high monthly loan payment when business is slow. Because of our unique repayment structure, you will pay less when business is slow. Actually, if you make no card transactions at all during the month, you will pay nothing that month! This is especially attractive for seasonal industries of all kinds. And even more important, notice that there is no personal guarantee! Because it is not a loan, you will have no personal guarantee if for any reason you default. And because it is not a loan, your credit report will never reflect any outstanding debt out for the advance.