Need Help With Your Cash Flow?
From time to time, businesses fall short when it comes to their cash flow. This can cause problems with payroll, business expenses, or even with client acquisitions. Most businesses have accounts receivable, but it takes time to invoice clients and then collect any outstanding debt. Well, what happens when your money runs dry?
How Does Factoring Work For My Company?
No matter if it’s a good time or a bad time for the economy, businesses may still need liquid capital to enhance its cash flow cycle and when you’re waiting on capital from your clients, you need that cash more than ever. Consider factoring your company’s invoices to access that capital and don’t worry if you haven’t heard of factoring before. If you’re wondering “what is factoring?” or “how does factoring work?” United Capital Funding is here to help.
From Mark Mandula: Thoughts on the COVID-19 Pandemic Part IV
As the COVID-19 pandemic continues at full strength in much of the United States, it is becoming clearer that the economic damage done by the virus will be widespread and significant. The first inkling of this unsettling fact appeared last week when an unprecedented surge in jobless claims was announced. From the prior weeks, data of 282,000 claims came the stunning news that the current weeks total was about 3.3 million. At that point, equity and other markets in the United States nearly came unglued and the optmisitic chatter was that this would be the highest claim that would occur in the COVID-19 period. Most economists and experts had predicted that the number of claims would be nowhere as high as the 3.2+ million that wa actually reported.
Loan Programs for Small Businesses Impacted by COVID-19
Small businesses are the backbone of the American economy. There is no debate that the current COVID-19 pandemic will cause significant economic harm to this critical part of our nations GDP. How important is it for small businesses in the United States to be vibrant and successful? Consider these facts about the magnitude of the role small businesses contribute to the United States economy (data from the Office of Advocacy, Small Business Administration).
The History of Factoring From A Trusted Factoring Company
So, you know about how the factoring industry operates today—but where did it all begin? Learn about the history of factoring from the specialists a United Capital Funding. We’re the factoring company you can trust with your capital.
5 Reasons Your Small Business Needs Invoice Factoring
Small Businesses With Big Dreams
As a small business owner, you face dozens—if not hundreds!—of challenges and decisions every day. Taking advantage of growth opportunities feels impossible without the funding to support it. You know and appreciate the saying “you have to spend money to make money.” But you can’t even spend your own money because it’s tied up in accounts receivables! What’s a small business owner to do?
Reach Your Goals with Invoice Factoring
Invoice factoring companies are third-party, commercial finance business who purchase your unpaid invoices. In a matter of days, you can have up to 90% of this previously captive capital—to put to work—at no risk for you. You are your business’s hero and have more important things to do than fuss over invoices. Let someone else take on the drudgery so you can focus on your passion.
1. Build Your Brand
Good designers and websites don’t come cheap. It’s tempting to settle for student work or a Photoshop-loving friend. But why entrust your company’s heart and soul to an amateur? Instead, transfer your accounts receivables and hire the best to brand your business.
2. Advertise To Your Advantage
Maybe you already have a logo you love—you just need to show it off! Free up some cash to run a digital campaign online, get ads in an industry publication, or film a commercial and pay for airtime. Outshine your competition with some strategic and effective marketing.
3. Increase Your Inventory
Is your busy season coming up? It’s frustrating to know you could sell more if you could only buy more inventory and supplies! Sell off your accounts receivables to fill up your stockroom and take advantage.
4. Equip Yourself Effectively
Do you need more equipment, machinery, or vehicles? Transfer your accounts receivables instead of taking a loan. You’ll be able to confidently invest in your business without worrying about crazy interest rates.
5. Honor Your Help
Are you blessed with fantastic employees? Show them your appreciation with training, raises, or incentives. Investing in your employees increases productivity and retention while saving time and money. This means your profits increase as well! Make it happen with factoring.
UC Funding: Your Partner in Growth
Above all, you as a small business owner need trustworthy partners. For more than 20 years, United Capital Funding has successfully assisted with the B2B and B2G invoice factoring of nearly every U.S. business leader. Contact us for more information on how we can guide you towards success.
Article Posted On: September 05, 2018