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.
Payroll Factoring: How Selling Your Accounts Receivables Leads To Success
From time to time your business can find itself in need of more cash flow. This is true whether you’re a multi-million-dollar company or a new startup. Maybe you’re ready to expand with new equipment. Or you want to increase marketing, but your money is tied up in invoices waiting for customer payment. Selling your accounts receivables is a risk-free way to increase your liquid capital.
Cash Flow Concerns
Cashflow concerns often affect small or medium-sized businesses (SMBs). New businesses or those experiencing a large amount of growth also often need help. Also on the list: companies providing business-to-business (B2B) and business-to-government (B2G) services. These clients can take longer to pay you, but we believe you shouldn’t have to wait to get paid for work you’ve already completed.
In our years of experience, we’ve seen this happen often with security guard companies. To remedy this problem, third-party commercial finance companies offer payroll factoring.
Payroll factoring buys you time so you can pay your employees while supporting the other aspects of your business. You should consider a factoring company as a partner because we’re more than a third-party vendor.
How To Get Payroll Factoring Success
Get a quick, free quote. You might have heard the saying that the first step is always the hardest. That’s not the case here! In fact, all our steps are pretty easy. Getting a fast and free quote is as easy as clicking here and filling out a short form.
Get approved. Once you fill out the form, someone will be contacting you about your application. Or, you can call us at 877-894-8232. Our process only takes 24 hours so you’ll know soon when you’ll be getting your funds. We disclose all our fees before we make any payments so you’ll know upfront exactly the costs of our services. There are never hidden fees or added costs at UC Funding. Once approved, UC Funding purchases your accounts receivables. This means we’ve assumed responsibility for collecting the payments, so you no longer have to worry about them.
Get paid. Forget the waiting periods that can last as long as 90 days. Corporate and government clients can take much too long to pay their invoices. This can delay your business growth. UC Funding will get you your cash flow within five business days. We start with 80% of the invoice and when it’s paid in full, we give you the rest minus our small fees.
Get to work. Unlike other factoring companies, UC Funding doesn’t require long-term contracts. We can go month-to-month as you need us. And remember—this is not a loan. You’re getting paid for work you’ve already done, not borrowing against future services. There are no compounding interest fees or confusing repayment plans. And—most importantly—there’s no risk. You can continue doing your work and growing your business.
For more than 20 years, UC Funding has partnered with security guard staffers. We’ve earned the trust of our clients as well as the industry. We see each of the businesses we work with as a relationship, not a transaction. On average, our clients stay with us for five years or more, much longer than industry standards. We prioritize lasting partnerships so we can see your business grow together. Contact us to learn how we can partner and help your business thrive.
Article Posted On: August 02, 2018