As a business owner, you have probably wondered how to get payment for issued invoices faster. Receivables financing is a viable alternative to traditional loans and other forms of commercial financing and can help you get paid for your invoices in a matter of days rather than months. Receivables financing lets businesses sell their open invoices, both current and past due, to a third party financing company in exchange for a lump sum of cash.
This cash can be used for any purpose: covering day to day expenses, purchasing new equipment, raw materials or hiring new talent. You can even use the money to take a much needed vacation. This isn’t a loan, so there are fewer qualification criteria and no repayment schedules, so businesses that wouldn’t normally qualify for traditional business loans and financing arrangements can take advantage of receivables financing.
Selling your invoices to a factor will take the guesswork out of getting your invoices paid and help you get the money you need into your hands quickly. Regardless of how long you have been in business, what business you are in or what your credit history looks like, there is a way for you to get the cash you need to keep your business going.
If you’re ready to get paid on your invoices faster with Universal Funding, fill out a rate form or call 1-800-405-6035.[hs_action id=”1489″]