Plenty of new and existing small businesses have benefited from invoice factoring.
Many companies take advantage of this fast cash funding source and continue to use the money for whatever purposes they wish. They’ve purchased new equipment, paid their vendors early, paid their employees on time, paid off crushing bank debt, invested in marketing, taken on new customers and more. Most importantly, they have lifted the burden of worrying about cash flow and eased the financial stress on their businesses.
But is factoring for all businesses?
No. Unfortunately, not all businesses qualify to benefit from invoice factoring. Universal Funding is proud to offer factoring services to B2B companies in industries we are well-versed in serving. Those include:
- Oil and energy
- Printing and publishing
- Staffing and temporary personnel
- Business service providers
- Transportation and trucking
- Wholesale and distributing
- Manufacturing and fabrication
We are also open to speaking with business owners who operate B2B companies in other industries. If you run a reputable business and work with credit-worthy customers, odds are good that we can secure financing to help you grow.
Invoice factoring can assist a lot of businesses with their finances, and getting approved is easier than the stringent requirements set by banks.
Invoice factoring is great for new and small businesses that aim to expand. This financing option allows you to receive payment on your invoices well in advance of the due date. There is no need to wait 30-90 days for the customer to pay the invoice. Simply put, you get your cash immediately and we play the waiting game with your customer.
If invoice factoring sounds like something you might be interested in, please contact us or simply fill out the Rate Inquiry Form on the left side of this page.