In spite of how often B2B companies use invoices, many have not heard of factoring invoices as a cash flow solution. It’s a fairly simple process that can really help a company out when money gets tight. It’s not necessarily that you can’t afford your bills, but that you need a little cash flow boost to tide you over until payments come through. Invoice factoring gets you the money you need to tide you over without having to turn to a bank for a loan and wait for your application to get approved.
Sell Your Accounts Receivable
Accounts receivable helps you to keep track of your paying customers. This is likely where much of your business’ cash flow stems from. There are many different reasons why your accounts receivable may not be generating the cash you need at a given moment. Sometimes customers go delinquent on their accounts and need to be contacted repeatedly for payment. Other times billing cycles put payment due dates at an inconvenient time. When you need the money owed on those accounts, selling the invoices gets you money fast.
Work With a Trustworthy Factoring Company
Of course, this only works if you process your invoices to a trustworthy company. Universal Funding has handled invoice factoring for decades. We know sometimes even companies that produce ample revenue year after year still need a little help paying their bills on time or making sure there is enough money to pay their employees while waiting on customers to pay on their accounts. We provide you with an advance for the invoices and take over the task of processing payment.
We’ll Get You the Cash You Need
You don’t have to stress about how you’re going to pay your company bills, late fess, or how long it will take to apply for another loan. Universal Funding can get you the cash you need with simple invoice factoring. To learn more about our service, call us today. You can also fill out our online rate form.[hs_action id=”1478″]