When your business is in need of a cash flow boost, taking on debt isn’t your only option. Debt is risky at best for any business and comes with all sorts of strings attached: interest payments, limits, and high-pressure repayment schedules. But there is another financing option when you need to fill in the gaps in your business’s cash flow: invoice factoring. Invoice factoring is a great way to get access to the cash flow that your business needs to be successful without the pressure and hassle of taking on debt.
Invoice factoring companies look at the work you have already completed and billed to your customers as an asset. They will purchase your business’s unpaid invoices and immediately pay you a percentage of their total value. You no longer have to wait the long lead times before you have access to the money your business has already earned. Even a busy, successful business can run into months where capital is tight because of the wait typically involved with receiving invoices. By utilizing the services provided by invoice factoring companies you can eliminate this wait all together and get on with running your company. The capital from invoice factoring is completely yours, so you can choose exactly how it will best serve your business’s needs. Keeping your business running smoothly is easier than ever when you have a continuous flow of capital.
For more information on Universal Funding and the financial assistance that we can provide your business, give us a call today at 1-800-405-6035 or submit a rate form for a free consult on your financing options.