What Are Accounts Receivable Funding Companies?
When you’re managing your own small business, it seems there is no end to the amounts of expenses it requires. You know the phrase, “you have to spend money to make money,” but man! Sometimes it feels like there isn’t an end in sight. How do you get funding to take your company to the next step? You’ve heard of lenders and investors, but what about accounts receivable funding companies? They could be your business’s best option to take itself to the next level.
How a Factoring Loan is NOT a Loan
Are you searching for a factoring loan? We can help you! But first, we want to tell you that a factoring loan is NOT a loan. At least, it’s not like other loans you’re familiar with. The money you get from factoring loans is YOUR money—it’s not money you’re borrowing and have to pay back. Factoring is a real business decision that can help your business operate and grow.
Why Small Businesses Are Thankful For Capital Funding
When you want to start a small business many of the initial decisions and plans can be fun! It can be fun to think of a business name and pick a logo. You’re passionate about it. You’re looking to solve problems for your customers. You have a mission you want to achieve—it’s all so inspiring! But starting a small business takes more than passion and inspiration. It takes resources, time, and something called “capital.”
Four Reasons To Be Thankful For Payroll Factoring
What are you thankful for this year? People often think of their family, friends, and health. If you’re a business owner, there’s even more to be thankful for. This could include good employees, good customers, and a strong foundation. But we know it takes help and resources to create a successful business. Services such as payroll factoring help your business function and manage your concerns.
What Is A Factoring Company?
There are many organizations out there claiming to help you better run your business. Get-rich-quick schemes and snake oil salesmen are everywhere. Your business is too important to risk with false claims or bad deals. But sometimes, you are in need of increasing your cash flow. You might feel like your only options are selling equipment, letting employees go, or taking out loans. Before you take any of those steps, learn more about what a factoring company can do for you.
5 Reasons Your Small Business Needs Invoice Factoring
Small Businesses With Big Dreams
As a small business owner, you face dozens—if not hundreds!—of challenges and decisions every day. Taking advantage of growth opportunities feels impossible without the funding to support it. You know and appreciate the saying “you have to spend money to make money.” But you can’t even spend your own money because it’s tied up in accounts receivables! What’s a small business owner to do?
Reach Your Goals with Invoice Factoring
Invoice factoring companies are third-party, commercial finance business who purchase your unpaid invoices. In a matter of days, you can have up to 90% of this previously captive capital—to put to work—at no risk for you. You are your business’s hero and have more important things to do than fuss over invoices. Let someone else take on the drudgery so you can focus on your passion.
1. Build Your Brand
Good designers and websites don’t come cheap. It’s tempting to settle for student work or a Photoshop-loving friend. But why entrust your company’s heart and soul to an amateur? Instead, transfer your accounts receivables and hire the best to brand your business.
2. Advertise To Your Advantage
Maybe you already have a logo you love—you just need to show it off! Free up some cash to run a digital campaign online, get ads in an industry publication, or film a commercial and pay for airtime. Outshine your competition with some strategic and effective marketing.
3. Increase Your Inventory
Is your busy season coming up? It’s frustrating to know you could sell more if you could only buy more inventory and supplies! Sell off your accounts receivables to fill up your stockroom and take advantage.
4. Equip Yourself Effectively
Do you need more equipment, machinery, or vehicles? Transfer your accounts receivables instead of taking a loan. You’ll be able to confidently invest in your business without worrying about crazy interest rates.
5. Honor Your Help
Are you blessed with fantastic employees? Show them your appreciation with training, raises, or incentives. Investing in your employees increases productivity and retention while saving time and money. This means your profits increase as well! Make it happen with factoring.
UC Funding: Your Partner in Growth
Above all, you as a small business owner need trustworthy partners. For more than 20 years, United Capital Funding has successfully assisted with the B2B and B2G invoice factoring of nearly every U.S. business leader. Contact us for more information on how we can guide you towards success.
Article Posted On: September 05, 2018