Financing Receivables with Outside The Box Funding
When you need to keep cash flowing through your business evenly, you need to be able to count on having the opportunity to tap every resource. Most entrepreneurs think of credit lines and other forms of reusable debt when they think of these resources, but it can be more efficient to simply get access to money you are already owed instead of incurring new debt. That’s where accounts receivable financing becomes so useful.
How Financing Receivables Works Out
When you have a large amount of money tied up in outstanding accounts, our associates will review your customers’ payment profiles to determine a lump sum that can be made available to you as an advance. Then, we take over repayment, and as your customers pay we deduct the original advance and our service fee before passing the rest on to you. If you find yourself in need of this service regularly, it is easy to work our fees into your overhead when performing quotes, and it lets you outsource your accounts department, too.
Other Benefits of Accounts Receivable Financing
- No long term debt or dilution of equity
- Payment insurance on your customers at no additional cost to you
Contact us today to start an application.