Not every small business is the same, and there is rarely a one size fits all solution to cash flow problems. However, in the case of accounts receivable factoring, there is an exception to that rule. Through using this risk-free way to obtain operating capital for your business, you will pay a set fee to have immediate access to 80% of the value of your invoices, ensuring you have the funds you need to make payroll, buy supplies and hire new employees.
Small business owners are under tremendous pressure in today’s economy. Two of the biggest causes of pressure we hear from our small business clients are constraints on a business owner or entrepreneur’s time and resources. Cash flow gaps, especially between invoicing and final payments, can make this even more of a significant.
The answer to this is to use our accounts receivables factoring service. Unlike loans or lines of credit, this is a very quick, simple application process with answers available within one or two business days of the application. This speed translates into all aspects of the funding with not only quick access to the cash but also our use of technology. Your account information is available 24/7 365 through our secure online access.
The Advantage with Factoring
Accounts receivables factoring is not a loan. This means there is no debt, no interest, and nothing to record on the book against the business. Instead, what our factoring offers is funding against the value of closed invoices.
As one of the best, most experience and most reputable factoring companies we don’t charge to process an application, giving you the option to consider your alternatives. As mentioned above, our approval is often available in one business day, saving you the weeks and months typically associated with a business loan or setting up a line of credit.
The Benefits to Small Business
The short time involved in selling your accounts receivable and obtaining funding is a very real benefit to a small business. You can take advantage of this funding to the level required by choosing the invoices to sell. You may also wish to turn over your entire AR to our factoring firm, freeing you up to work on growing your business while they handle the accounting.
As an entrepreneur or small business owner, having options is always important. Taking advantage of our debt-free, fast access to funds through accounts receivables factoring is an important consideration for any small business with the need for infrequent or ongoing cash flow solutions.
