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.
How Accounts Receivable Financing Companies Can Help
Accounts receivable financing at first glance sounds like a tricky topic. While it can be complicated it boils down to a simple fact that companies often need more cash than they have on hand. Accounts receivable financing helps companies who need their invoices paid so they can pay their employee and have cash on hand for miscellaneous company business. This type of financing is very beneficial to companies who need working capital and can’t afford to wait until their invoices are paid, or something never paid. United Capital Funding can help you turn your invoices into working capital so you can continue business operations.
Gain Working Capital
One of the biggest drivers of business is cash flows. You need a healthy cash flow to run your business. Sometimes you create products and send them out with an invoice attached. These invoices do not always get paid right away. Instead of waiting for these invoices to get paid in 30, 60 or even 90 days, accounts receivable financing allows you to get cash for those invoices almost right away. That way you can continue your business operations as scheduled. United capital funding gives you more flexibility than a loan to ensure the future of your company.
Generate New Business
Instead of worrying about how you are going to pay your employees and other bills, you could be spending that time on new business endeavors. Having good cash flows allows you to focus your energy on creating new opportunities. United Capital Funding allows you to do just this through accounts receivable financing. We make it simple for you to get through the approval process and have working capital within a few days. Loans can take a long time to get approved, but United Capital Funding can get you cash for your invoices in almost no time.
Accounts Receivable Financing vs. Loans
You might be wondering what the difference is between accounts receivable financing and a loan is. Well, one of the biggest differentiators is the amount of time. United Capital Funding has the ability to get you cash to run your business within a few days. Loans have a long approval process and by the time you get the money, it could be too late. This is just one of the many advantages of accounts receivable financing.
Let United Capital Funding Help
Our goal is to make this process as simple as possible for you to get what you need. Give us a call today at 877.894.8232 or receive a quick quote online to see what United Capital Funding can do for your business.
Article Posted On: March 31, 2018