Learn How Invoice Factoring May Be A Useful Tool For Your Business
Invoice Factoring Helps You Leverage Your Future Earnings To Give You The Cash You Need Today.
Invoice factoring gives your business an alternative method of getting cash fast
Invoice factoring is a financial vehicle that many savvy business owners take advantage of to get the cash they require, right away. Qualifying for invoice factoring, unlike a conventional bank loan, is based off your business’s future earning potential, not your credit or current assets. Our funding programs take a look at your recent gross receivables to evaluate if you qualify. This means that there are no collateral, or even credit requirements, to qualify for invoice factoring. We have programs in place for business owners who have been in business for at least 3 months or more and can show a minimum of $3,000 a month in receipts.
We can use invoice factoring to offer businesses between $5,000 and $500,000 in upfront cash. Since there is very little paperwork required for invoice factoring, we can approve a business within 24 hours. We normally get the cash in their bank in days. We pride ourselves as being among the fastest funders in the invoice factoring business. Our process is efficient and are people are pros. We always strive to find a way to help business owners find the right invoice factoring program for their individual circumstance.
There is no fixed payback schedule. Invoice factoring payback is based on taking a small percentage of your future earnings. This is beneficial to many business owners because, as we all know, most businesses do not received “fixed” incomes. We understand that reality and base payback accordingly. If you have a couple of lean months, your still ok. If you have a really great period of time, you’ll repay the loan back quicker. Payback is always that small percentage of your future income.
The monies you receive when you take advantage of one of our invoice factoring funding options is yours to do with as you see fit. You can use the cash for business or for personal reasons… it is yours to do with as you wish. Think of invoice financing as a simple business borrow you give to yourself. It is the money you will make in the future, but you are advancing it to yourself now, when you need it.
Invoice factoring is used by many smart business men and women to take advantage of an unexpected opportunity that comes their way. They may see that opportunity, realize that they may not have the cash on hand to take advantage of the opportunity and come to us for assistance. They get approved in hours, their cash is in their bank in days, they close the deal and begin reaping the rewards of their smart business decision. Most of our clients who use this approach report back to us that the gains they made more than offset their small payback. It is truly win / win.
At this point you might be wondering to yourself, “why not go to a bank and get a conventional loan?”. It’s a fair question. Perhaps the opportunity has a small window before it is lost. Bank business loans take time…lots of time. They require a lot of paperwork and they certainly will have a fixed payback schedule. Banks are also cutting back on the amount of money they lend and are tightening the requirements to gain a business loan approval. We are different.
We can act fast. As mentioned earlier, we can get a business owner cash in days. We do not require a ton of paperwork and credit is not an issue with us. Hopefully, you can now see the many advantages of invoice factoring.
Is invoice factoring right for every situation? Of course not. Some businesses have plenty of cash on hand, but others do not. Some are willing to pass on opportunities until their bank accounts are bloated and others are willing to pay a small fee for a business borrow. When cash is tight, and the business owner has a more entrepreneurial outlook , invoice factoring should become part of a smart business person’s financial discussion. If you are currently in that group, I urge you to call us and discuss how one of our invoice factoring programs may be right for you.
We offer free, no obligation advise to all potential clients. We want you to be armed with the right facts before you make any decisions. We will work with you to ensure that your needs are met. Our staff are all seasoned professionals who have prior small to medium business ownership experience and understand the demands and needs of today’s business owner. You will be treated with respect and kindness.
Call us at (866) 739-5558. You can usually reach someone until 9:00 pm Eastern time. If we are away, leave a message and we will get back to you as soon as possible. You can also email us.
Our team is small, close knit and goes out of our way to provide our valued clients the best care possible. We look forward to seeing if invoice financing is in your best financial interest.
Invoice Financing. A New Tool For A New Economy.