Invoice factoring is a great way to raise the capital you need to grow your business. Whether you need to cover the expense of meeting a large order, need to purchase new equipment to expand production, need to hire new talent or even just cover a tax bill, you can sell your invoices in exchange for a lump sum of cash to cover those expenses. Invoices factoring is not a loan. This means that there are no qualifying criteria or repayment requirements. And invoice factoring will allow you to turn your past due invoices into cash without having to expend effort calling and harassing your customers for collections on payment.
The process is simple. Just collect your invoices, both current and past due, and submit them along with a short application, to a factor such as Universal Funding, and wait for your offer. That’s it. In most cases, Universal Funding can get you an offer on the table in as little as 48 hours, making this type of funding one of the fastest available. More and more businesses are turning to invoice factoring as a way to ensure sufficient cash flow for their companies over more traditional forms of commercial financing.
If you are ready to turn your invoices into fast cash, give Universal Funding a call today at 1-800-405-6035 or submit a rate form for a free consult on your financing options.