Factoring Government Contracts: How It Works
You finally landed a government contract! This is great news for your business—until you’re left waiting for the payment to actually roll in. Forget waiting! There’s another option available.
Selling Receivables Is Great For Your Business
Starting, maintaining, and growing a business is hard work. It can be even harder when you’re left waiting for months for the money you’re owed. Time is money, so what are you meant to do?
Event Recap: February to March 2019
Commercial finance firm United Capital Funding was active in the community over the last few weeks, engaging with the community and providing resources to local small business owners and entrepreneurs. Here’s where we were in February and March
Medical Staffing Factoring Can Solve Your Payroll Problems
As a staffing company, timing can affect your ability to make payroll. Medical staffing factoring could easily and quickly solve your funding problems.
Capital Funding From United Capital Funding
Looking for capital funding for your small business? Look to United Capital Funding! It’s an uncomplicated funding source that allows you to stay in control.
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.
Types Of Funding
Small business owners have many different types of funding options. Most fall into one of two categories: equity or debt. Equity is giving someone a bit of ownership in exchange for some monetary support. Partners, angel investors, and venture capitalists are all examples of equity funding. With debt, you keep your ownership, but you’ll have to pay creditors back—often with interest. Creditors include lenders, small business loans, and banks. Depending on the agreement, crowdfunding or borrowed money can be either equity or debt funding.
You know all about your accounts receivables. They’re the outstanding invoices you’re waiting for your clients to pay. Business-to-business (B2B) and business-to-government (B2G) dealings can often take a while to get paid. It’s so frustrating because it’s YOUR money. You did the work already—you’re just waiting on getting paid for it. But did you know you can SELL your accounts receivables to gain access to your money now?
Accounts Receivables Funding Companies
Accounts receivables funding companies purchase your outstanding invoices. It starts with reaching out to get a quote on their services. The application process is much simpler than that of a bank or lender. They can pay you up to 80% of the accounts receivables value in a matter of days. After that, it’s the funding company’s responsibility to get that invoice paid. Once the customer pays the invoice, the funding company pays your balance, minus a small service fee. No loans, no interest, no headache!
How Use Accounts Receivable Funding
There are no restrictions on how your business can use those freed funds. Remember, money from selling accounts receivables was always your money to being with. Simply put, funding companies help you access it sooner. Once they purchase those invoices from you, they are no longer your worry! You’re free and funded to start your next project.
- Is there some new equipment you’ve been eyeing? Sell your accounts receivables and equip your business with new resources!
- Ready to revamp your website or start a marketing campaign to boost your sales even more? Funding companies can process your payment in a matter of days so you can begin advertising ASAP.
- Stockroom looking a little low? Increase your inventory, so you’ll be ready for the next surge in sales.
UC Funding for Your Accounts Receivables
Small businesses have long trusted our team at United Capital Funding to purchase their accounts receivables. We’ve seen every industry, every size, and every kind of invoice. To learn more about how UC Funding can help your business reach your goals, contact us. Call us at 877.894.8232 for a free consultation.
Article Posted On: December 05, 2018