Have you ever wondered how businesses that offer net terms to their customers can survive? Net terms for invoices can be 30, 60, or sometimes even 90 days! How can a business possibly have enough capital to make it through those long periods without money coming in? They’ve got to be in deep debt, right? Wrong! Invoice factoring is often the answer to many businesses cash flow needs. Invoice factoring allows businesses to have access to money that they have already earned without the long, agonizing wait. This money can be used to purchase new materials, hire employees, grow the marketing budget, or even give year-end bonuses!
Invoice factoring works by transferring unpaid invoices to a factoring company. An invoice factoring company, like Universal Funding Corporation, purchases a business’s unpaid invoices and pays the business a percentage of the total right away. The business gets paid free and clear, no debt, interest, or ridiculous terms and conditions. Businesses shouldn’t be trapped by the long payment schedules of invoices. You need money to operate any business successfully, and by utilizing the services of invoice factoring companies, no business should be struggling with unsteady dips in cash flow. Get the money you need to run your business without begging at the bank! It seems magical, but it is just good business sense.
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.