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.
Account Receivable Factoring at Any Stage of the Business Life Cycle
Maybe you’ve been under the impression that account receivable factoring is only useful at the beginning of the business life cycle. However, an established and mature business can also benefit from factoring. Whether your business is a start up or an established enterprise, account receivable factoring can provide working capital and debt assessment.
Small Business vs. Large Business
Small businesses are very different than large ones. They are a very diverse group in many different industries. Small businesses also exist in different stages of development with different financial profiles and operating histories. This makes traditional lending an unsuitable fit for a small business. Between application fees and restrictions on funding, bank loans do not adjust to meet the needs and requirements of small businesses. Business owners know the unique challenges that come with owning and managing a small business. Time and resources are always limited, and sometimes, you need funding fast. With a certain minimum in Accounts Receivables, you can partner with a factoring firm to receive funding in just a few days.
Why Accounts Receivable Factoring Works
The best part is that factoring is not a loan; you do not incur debt or pay interest. You also don’t have to worry about fitting into a constrained bracket. Maybe you need less money than a bank wants to give you, or you don’t want to have to work within brackets. Also, factoring can provide future funds if needed. With traditional loans, you would have to reapply all over again for funding. It also does not make adjustments for your individual business’ needs.
Account receivable factoring knows that one box does not fit all. Not every small business fits perfectly into a checklist or bracket. Factoring is done by every single business sector in the United States and has adapted to the unique characteristics of the industry. If your business is expanding rapidly or steadily maturing, you can benefit from account receivable factoring.
Article Posted On: January 01, 2018