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.
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