When it comes to finding the cash to run your business, there are few options out there. Those options that are available are limited based on the type of business you run as well as how long you’ve been in business, how profitable you’ve been and what your current balance sheet looks like. This makes it difficult to capitalize on the opportunities to your business grow such as heavily discounted raw materials you need to produce your products, new equipment that can streamline your business’s operations and produce your products faster and cheaper than before; or moving to a more lucrative facility that has just become available…opportunities that can really have an impact on the future of your business. If you don’t have the cash, you can’t take advantage of the opportunities when they are presented.
Of course, you can always try to apply for a loan, but most opportunities will be long gone before you ever see a penny of the proceeds of that venture, even if you have perfect credit. And then, of course, there are the cumbersome monthly payments you’ll have to make. However, there is another way you can get the cash you want, quickly and without the hassle of repayment: invoice factoring.
A receivables company offers you the opportunity to turn your accounts receivable into use able cash quickly. Because it’s not a loan, you don’t have to worry about qualifying or repayment. And best of all, you don’t have to worry about your customers defaulting on their payments.
If you are ready for one of the best factoring companies, to turn your invoices into fast cash, give Universal Funding a call today at 1-800-405-6035 or submit a rate form for a free consult on your financing options.