If you are a business who collects payment from clients and customers on an invoice system, you need to know about receivables factoring companies. Most invoices pay in 30, 60, or sometimes even 90 days, but what are you supposed to do in the meantime when you need capital to keep your business operating? With the help of a receivables factoring company, you don’t have to wait for your invoices to be paid any longer; you can have access to the capital that you’ve already earned right away! A receivables factoring company will purchase your company’s unpaid invoices and pay you a percentage of the total amount immediately.
Businesses need a constant flow of capital in order to continue purchasing materials, hiring and paying staff, and any and all other aspects necessary to continue running the business. No business wants to take on debt; it’s a burden and a stress to any and all business owners. But invoice factoring isn’t debt. Your business is simply getting access to capital it has already earned! There is no repayment process, no interest to pay, and no loan fees. It’s your money; you’re just getting access to it faster. Any business that operates on an invoice payment system can benefit from the immediate capital available from receivables factoring companies!
Let Universal Funding manage your A/R so that you can use your time more effectively in running your business. The less time you spend on tracking invoices and payments the more time you can spend doing activities that generate more business for your company.
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.