If your business sends out regular billing invoices to customers, it’s likely your customers are on a set billing cycle. This is great because it usually keeps money flowing into your company on a regular basis. Steady cash flow is important when you have employees and company bills to pay. If you’ve been in business long enough, you’ve likely come across customers who have been late on payments. Or perhaps you’ve set-up terms that are net30 or net60. On the rare occasion, billing cycles may line up just right where there is no cash coming in and you’re waiting for payments. In these cases, you can exchange invoices for cash with an invoice factoring company.
An Option Other Than a Loan
A loan is usually the first option that a business thinks of when struggling with money problems. While loans are a traditional option, they take time to process. Once you receive the loan, you then have to work on paying it back plus interest. There is also often a limit to how much you can borrow, no matter how large your company is. Selling your unpaid invoices gives you a cash option other than applying for a loan. It’s a faster application process and the limit is scalable as your business grows. You are not limited by the constraints of a loan and the best part is there is no repayment.
Get Cash Quickly and Keep Your Business Running
Invoice factoring allows you to get the cash you need quickly through a factoring transaction. Rather than sitting on invoices and waiting to be paid, you send the invoices to us. We give you cash for the invoices and then take over contacting the customer for payment. There’s no need to pay back a loan or wait for approval. The process is quick and business life goes on.
We Can Help
Universal Funding has been handling invoice factoring for decades. We know how important steady cash flow is to every business. We can take your unpaid invoices off your hands and give you the cash you need to use as you see fit. Contact us today to see how we can help, or fill out our online rate form.[hs_action id=”1489″]