When it comes to raising quick capital for your business, there is no faster or easier way than selling accounts receivable. Selling your accounts receivable involves locating an invoice factoring company, figuring out how much money your business needs, and what the value of your outstanding accounts receivable portfolio looks like.
Here’s how it works:
The invoice factoring company will purchase your invoices in exchange for a cash advance. At Universal Funding you will work with a Business Development Manager who will work with you to get the lowest rate possible. Our rates start lower than 1% and will be determined by the value of the invoices, the volume, the credibility of your customers, payment cycles, and the climate of your industry.
We review the open invoices you have submitted and then provide you an advance equaling on average 80% of the value of the invoices. You can have your money in as little as 48 hours to use for whatever you need.
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.