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.
Small Business Factoring: How It Works & Why You Need It
Small Business Struggles
Small businesses have struggles, it’s the nature of the beast. Around 80% make it past the first year, but only about 50% make it past the five year mark according to the US Small Business Administration. So, what is it that takes a small business down? Often, they do good service or put out a great product, but they’re unprepared for the ebbs and flows of their invoices.
This is a common problem and one that could perplex even the most sophisticated businessmen. So, don’t let it weigh you down. There are ways around this, though. One of them is to give yourself working capital--room to breath regardless of the invoice and payroll fluctuations that sink so many companies.
Small Business Factoring: How It Works
Factoring is the process of selling your invoices to a company like United Capital Funding in order to get up to 80% of their value almost immediately. This gives companies, especially small businesses, the flexibility they need in order to thrive. That means no more worrying about whether you’ll make payroll or whether you can afford to cover the next time equipment breaks down. If you have invoices in-hand, we can help.
Why You Need It
Maybe you don’t. If you’re getting paid on all your invoices, in a reasonable amount of time, and it isn’t constraining how you run your business, then this may not be a service you need. But, if you’ve ever experienced pain from an unfulfilled invoice, then small business factoring could likely help you more than you think. Contact us today!
Our entire process is focused on getting you the money you need to be flexible sooner rather than later. That means we work quickly and that’s in the interest of everyone involved.
Can My Company Benefit?
Likely, yes. But, there are a few companies for whom small business factoring seems to work more than other. This includes:
These are far from the only industries, obviously. But, if your business is in one of these fields and you’re here looking for information on factoring or invoice selling, then you should get in contact with us. We’re happy to point you in the right direction, even if we’re not the right partner for you.
Article Posted On: June 05, 2018