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.
Your Guide To Selling Receivables in 2018
When your business is strapped for cash, it might seem like taking out a loan is your only option. Loans have a long approval process and charge you interest when you go to pay them back. Luckily there's a better way to get cash for your business in the short term without having to take out costly loans. United Capital Funding can help turn your unpaid invoices into working capital in no time. It might sound complicated but that's why we put together this guide to selling receivables in 2018.
Instead of waiting through the long approval process it takes to get a loan, you can get working capital within a few business days. Loans can be very costly with fees and interest. Our approval process is 24-hours so you will know as soon as possible if you are able to take advantage of this service. We do not charge a bunch of hidden fees and we make it very simple to get the funding you need. You can start this process on the phone or by requesting a quick quote. Call United Capital today to see if you qualify for this service.
After the approval process, United Capital Funding essentially buys your accounts receivables and gives you a percentage of them. We take over trying to get them paid and when they are paid by your customer, we take out a small fee and give you back the rest. That way you get some working capital for your invoices instead of considering them a complete loss. This can help you pay your employees and cover costs.
Once you get funded then you are able to use the money for whatever costs you need them for in your business. You can pay employees, cover overhead costs, and you don’t have to worry about the invoices anymore. United Capital Funding helps you sell your receivables and turn them into something that you can actually use to move forward with your company. It is a lot less hassle than a loan and it enables you to steer clear of unwanted fees and interest payments. Saving you money in the long run!
Let United Capital Funding Help You
We want to help your company with its financial needs and that’s why United Capital Funding always puts their customers first. Give us a call today at 877-894-8232 or get a quick quote to start the approval process and get funding within days!
Article Posted On: May 04, 2018