How Accounts Receivable Financing is Used for Business Growth

You have a wonderful business. It has provided you with income for your family, your home, expenses and of course the payroll to support your employees and business expenses. It has provided you with above average income, which has enabled you to do some special things for your family and your children, not to mention the travel.

Yet, it is has come time to grow even larger or get loss or swallowed up by the competition.

Your credit is reasonable, but because of the down turn in the economy you are not sure if you can qualify for a line of credit from the bank. Plus you are not really happy about going to the bank for a loan. The paperwork is tiresome, and there are a few late payments here and there. You are not up to the possibility of the bank saying no.

Yet you need to take some major steps in order to stay above the rim in your chosen industry.

Your customers are great and do a good job of paying their invoices. Sometimes, they pay a little slow, sometimes not. You can make the necessary adjustments if you could just get certain large invoices to be paid by a particular date to cover payroll, etc.

Not to worry. There is a way to eliminate the cash flow problem, make the necessary adjustments for growth, meet your payroll obligations, and pay you’re your families added expenses. It is called Invoice Lines of Credit, or Accounts Receivable Funding.

It is when you take the very large invoice of one of your best customers, and turn the invoice into immediate cash, or working capital, instead of waiting for your favorite customer to pay 30 or even 60 days later.

The rates for this type of transaction usually run between 1.5 and 3.5 per cent and there is no long term contract required. Your credit is not a concern however your favorite’s customers credit is what the Accounts Receivable Lender will be looking at.

You can complete the paperwork within a day and be funded within the same week. Monies transferred into your bank account, no complications. However, if your favorite customer is the US Government or the State, it may take a little longer to get the money into your business bank account.

Manufacturing companies, staffing agencies, service industry, are welcome to use our service. We place clients, at no cost, with reliable and reputable Accounts Receivable Lenders who specialize in their industry. Complete a six question short application and we will find you a Lender, usually within a day.