How A Commercial Factoring Arrangement Can Benefit Your Business
Cash flow is vital to the success of many businesses. This is especially true for small businesses, new businesses, and businesses that are rapidly growing. This is where United Capital Funding comes into the picture. A commercial factoring arrangement with UC Funding is a type of financial transaction in which we are able to turn your B2B and B2G Accounts Receivables into working capital so that you can continue to seek new clients for your B2B and B2G business, rather than worrying about cash flow problems. If this is something that you think could be beneficial to your business, get a quick quote now or keep reading to learn more!
Event Recap: December 2018 to January 2019
United Capital Funding ushered in the New Year appearing across the southeast United States, sharing expert advice for entrepreneurs and building relationships with local businesses. Here’s where we were in December 2018 and January 2019.
How Does Factoring Work?
If you’re a business owner, you’re likely familiar with a variety of funding options—loans, borrowing, investing, credit, and grants. All these have positives and negatives, depending on your company’s specific needs. Factoring is another excellent option for businesses of all sizes in a variety of industries. Many companies find the downsides are very few compared to other funding sources. But how does factoring work?
Small Business is BIG Business in the United States
As a professional firm that provides equitably priced and structured working capital to B2B and B2G clients nationwide, we are always looking for ways to educate our partners, clients and referral sources about the ever-increasing role of small businesses in the United States. The more we understand the needs and concerns of the entrepreneurs who own and manage these businesses, the better we can serve and help them grow and succeed.
Questions To Ask Your Factoring Company
With something as important as your business’s finances, you want to understand every aspect of it. That’s why it’s always important always to ask any question you might have. Here are a few questions to ask a potential factoring company to ensure they’re the right fit for you.
How Selling Receivables Can Help Your Business Thrive
“It takes money to make money,” as the adage goes. This can be especially true if your business is new or growing quickly. Unfortunately, it’s during these situations when cashflow can be tight. Take a look at your books, do you notice a big chunk of your money tied up in accounts receivables? Selling these invoices to a third party frees up your capital so you can take your business to the next level.
Selling Receivables is an Option
Hate the idea of borrowing more money from a bank? Consider selling your invoices to a third-party commercial finance company. They can help business with open business-to-business (B2B) or business-to-government (B2G) accounts receivables. This partnership enables you to grow your business and focus on what you do best. It’s YOUR capital, you just need to access it.
You can be confident in your decision to work with United Capital Funding. We’re one of the largest U.S. specialized commercial finance businesses. We’re also a wholly owned subsidiary of Gulf Bank & Trust. We’re transparent, never charging hidden fees or penalties. Additionally, our rates are much lower compared to other factoring companies.
We know how important your business is, and want to ensure you understand the process. We’ve compiled a list of the most frequently asked questions to get you started.
Time is money. Benjamin Franklin is credited with saying this often-repeated phrase. It’s even truer today than in the 1700s when he coined it. If you’re in need of cashflow to help grow your business, you want it now. That’s why UC Funding expedites all our transactions. We pre-approve businesses within 24 hours and process funding within five business days.
Starting and running a business is difficult. UC Funding strives to make this complex process as easy as possible. We’re not a bank, so we don’t need dozens of forms—it’s just three quick steps! All you have to do to get started is fill out a simple online application. Once you sell, your clients will still make payments to you, not us, so there’s no confusion. Also, there is no monthly minimum requirement so you can finance with us only as you need to.
Help Your Business Thrive
With UC Funding helping you finance your business today, you can get where you want to be tomorrow. Call 877.894.8232 or click here to get a quick quote now.
Article Posted On: August 02, 2018