During these unprecedented economic times, businesses are forced to find more and more creative ways to get the financing they require to run their businesses. In many cases, businesses are looking at their invoices for financing rather than their credit scores. This is because receivables financing is easier, faster and less restrictive than other forms of more traditional financing.
Here’s how it works:
Companies in need of cash and who have open invoices, both current and past due, can sell their invoices in exchange for a lump sum of cash they can use to fund a variety of business needs. These arrangements are not loans, so there is no repayment obligation, no complex qualifying criteria and virtually no wait. Most invoice financing applications are completed in as little as 24-48 hours. This makes this a particularly useful service for businesses with limited resources but an opportunity for growth. Once approved and invoices are submitted for verification, the funding process will happen in a matter of a few hours.
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.