“INVOICE FINANCING AND ACCOUNT RECEIVABLE FACTORING:
WHY CHOOSE PRAXIS
OVER OTHER FACTORING COMPANIES?”

Is Praxis a factoring company?

A. Yes. Praxis is a commercial finance company that purchases
business-to-business accounts receivable invoices for cash. Factoring provides immediate cash and is an important cash management tool.

Why would a company choose Praxis for account receivable factoring?

A. Small to mid-sized companies that have cash flow pressures can not afford
to have cash tied up in receivables for 30 days, 45 days, or more. Smart companies choose invoice financing from Praxis, in order to receive the cash they need for the day-to-day financial demands of their business.

What are the major benefits of factoring with Praxis?

A. Account receivable factoring, or invoice financing, is a powerful financial and cash management tool. You receive immediate cash for your accounts receivable instead of waiting weeks or months for your customers to pay. You have the benefit
of accelerated cash flow to leverage your growth. Praxis provides expert credit management and collection services to your company, freeing you
up to concentrate on your core business. Also—perhaps most importantly—Praxis’s risk analysis concentrates on the credit strength of your customers, instead of your balance sheet and history. If you can deliver the goods and services you have promised to your customers and if those customers have good credit, Praxis will provide you with invoice financing, no matter how limited
or problematic your company's financial history.

Who does Praxis usually factor?

A. Praxis provides invoice financing to a wide range of industries, including trucking, temporary personnel agencies, printing companies, manufacturers, service providers, wholesalers, distributors and many specialty industries such as staffing, janitorial and armed guard services.

What size business does Praxis prefer to finance?

A. Our account receivable factoring clients have monthly sales ranging from $25,000 to $1,500,000. Some of our clients began factoring with their first sale; others were already established businesses when they began their factoring relationship
with Praxis.

What is the minimum amount of accounts receivable needed to factor with Praxis?

A. If your company sells a product or provides a service to other businesses and generates at least $10,000 per month in invoices, Praxis has an account receivable factoring program to fit your individual needs.