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.
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