A factoring company may be the best solution for a business that needs to obtain funds a little bit more quickly. Even companies that are turning good profits have to wait to see these profits. This may be especially so for those that allow for generous invoice payment periods. However, there is no longer a need to wait 30, 60, 90 or even 120 days to receive the revenue from these invoices. Invoice factoring with the Universal Funding Corporation is creating an easier and smarter way for companies to do business while streamlining cash flow.
While one is waiting for invoices to be paid, the business is still responsible for their expenses and operation costs. Factoring can alleviate the financial burden by allowing the business to sell these invoices to a third party until they are paid. Technically, it is similar to a short term loan, such as a cash advance that is based on the amount of the invoices. But one of the benefits is that it is not a loan so no payments to be made and no debt to incur.
Time is of the Essence
Unlike similar programs which may be offered by other financiers, applicants can expect a timely decision. In the majority of cases, the cash can actually be made available within 24-48 hours of being approved. This is not something that just any factoring company or other lending institution may be able to offer and is a huge benefit to the business that needs the money now.
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.