A Business Case for Account Receivable Factoring by United Capital Funding
Accounts receivable factoring is a business tool used all around the world by many different companies. However, it is a relatively new practice in America, and common misconceptions often prevent businesses from pursuing this useful credit tool. So, what exactly is accounts receivable factoring?
Staffing With Factoring In 2020
It’s a new year and so it’s time to beef up your staff. You have your company right where you want it, but you need the talent to facilitate continued growth. Unfortunately for you, there are some outstanding invoices from clients still pending. So, what do you do? The answer is very simple. Utilize our staffing factoring services at United Capital Funding.
5 Common Financial Mistakes
Being in this business for so long, we’ve seen our fair share of financial slip-ups and mistakes. Of course, every business owner makes mistakes here and there, but some mistakes can be devastating if you’re not careful. Take charge to prevent financial disasters before they happen to your business. Get the help you need from our accounts receivable funding company.
Why Trust In United Capital For Your AR Factoring?
Deciding to get into factoring is one thing, but who to factor with is an entirely new decision! And, as with any company, you need to check out everything they offer. It’s almost like buying a new car—it’s an investment. Out of all the companies, why should you choose United Capital Funding to do your AR factoring—also known as accounts receivable? We know we offer more than other companies, but allow us to explain before you make your decision.
Payroll Factoring Done Correctly
How does a business owner turn unpaid invoices into working capital for their business? Well, the answer is called payroll factoring. Typically this financing tool advances 80% to 85% of the value of the invoices. Is this something that you feel could be beneficial to the success of your business? Then give our team at United Capital Funding a call today. Our experienced team will be happy to explain the ins and outs of the process and how we can help your business get to the next level.
2019 Guide To Payroll Factoring For Staffing Agencies
No matter the industry, business is full of confusing terms, acronyms, and procedures. It’s hard to know where to focus your time and energy to best benefit your business. There could be beneficial services out there that you’re not taking advantage of. To help you out a little bit, here’s your 2019 guide to payroll factoring for staffing agencies.
Your Guide to Payroll Factoring For Staffing Agencies
Are you the owner of a staffing agency? Your business provides a much-needed service to a variety of industries. You help other companies by providing employees when and where they need them. You also help individuals by providing jobs to earn income and increase self-esteem. But who’s here to help staffing agencies? It turns out, a factoring company can ease your financing woes with payroll factoring. To help guide you, we’ll try to simplify things as much as possible. Right away, you probably have some questions. Here are some answers to help clarify payroll factoring for staffing agencies.
“What Is Payroll Factoring?”
Sometimes it’s easier to start explaining what factoring is by telling you what it’s not. It’s not a loan—we don't require a lengthy application process or interest to pay back. It’s not selling stock—you won’t lose a single percent of ownership in your company. It’s also not a grant, or an investment, or some sketchy backdoor deal. Factoring is selling your accounts receivables. Factoring companies, such as United Capital Funding, purchase your outstanding invoices. Payroll factoring frees up your capital so you’re able to use your money when you need it. We want you to focus on running—and growing—your business.
“What’s In It For Me?”
As a staffing agency, you’re the middleman between your clients and your staff. Your clients hire you to provide them with staffers. You provide them your people. The client pays you for the service and then you pay your staffers. At least, that’s the ideal order of things. Sometimes delays, billing cycles, or plain bill avoidance mean you’re stuck waiting. As described in one of our case studies, it’s a situation staffing agencies know all too well. You have to pay your staff for the work that they did and payroll factoring can help you do just that.
“What Do I Have To Do?”
The beauty of payroll factoring is not what you have to do, it’s what you DON’T have to do. Remember, factoring means you’re passing along the responsibility of getting your invoices paid. But you do have to reach out and provide some information to get UC Funding started on your factoring. The process boils down to three simple steps on your part:
- Step One: Call us at 877.894.8232 or apply now online for a free consultation. Our application and approval is fast, free, and simple to get started.
- Step Two: We process your request, most businesses will be approved in 24 hours
- Step Three: Get Funded. You’ll receive 80-90% of your invoice amount in a matter of days. Once your client pays UC Funding, you’ll get the rest, minus a small fee for their services.
United Capital Funding For Payroll Factoring
As we’ve mentioned above, to get started with payroll factoring, all you have to do is contact us. Have more questions than we answered here? We’re happy to give you some more answers.
Article Posted On: February 06, 2019