When it comes to finding the perfect solution for dealing with cash flow shortfalls, businesses have few options. In some cases, businesses will apply for and obtain a commercial loan, however this process is lengthy and complicated, often requiring companies to have been in business for many years and have well established credit in order to qualify. Many different industries simply don’t qualify at all due to the nature of their business. Those who do qualify must submit a large number of documents including a business plan, company and sometimes personal financials, and guarantees. The underwriting process can take weeks before the loan is approved and the company is funded. Receivables financing offers companies an easy way to raise the capital they need to cover day to day expenses, large orders, purchasing new equipment or other financing needs. There are no restrictions on the funds, which mean that the company can use the money for anything. Since this isn’t a loan, there is no need to repay the advance, leaving future cash flows intact.
The approval process for receivables financing is fast and the funding process is even faster. Universal Funding makes this possible because they are a direct funding source and the principals of the company are on hand to review applications as soon as they are submitted.
If you are ready for Universal Funding to turn your invoices into fast cash, give us a call today at 1-800-405-6035 or submit a rate form for a free consult on your financing options.