See Yourself Grow With Our Accounts Receivable Buying Company
At United Capital Funding, we understand that you want your business to prosper and we want that for you too. Our motivation is to serve you by providing growth opportunities for your business. How can we accomplish this? We provide you with cash flow to handle the day-to-day operations so you can invest in emerging areas of your industry—and for a competitively low factoring fee.
Terms To Know From A Factoring Finance Company
No matter if you’re new to business or have been around for a while, everyone needs a refresher every once in a while. And we know, financial business terms can be hard to grasp onto sometimes. But that’s why we’re here! At United Capital Funding, we’re ready to help as much as we can as your choice factoring finance company. Let’s get to it and review those terms!
Stop Waiting On The Government To Pay Your Invoices
Working with the government is good business. You know the money is coming and it’s a steady stream of work. However, your company spends weeks or months waiting on a paycheck that you earned a while ago. For some, that income is necessary to keep the lights on, let alone keep employees paid. There is a way to get a majority of this money within a week.
A Merchant Cash Advance Loan: we did the math
Like a sheep in wolves clothing, the MCA product is a troubling and rapidly growing segment of the small business online lending industry today. A small business owner must be very careful and understand the true cost APR of this kind of capital. If they don’t, they run the risk of true financial Armageddon, and a wise small business owner should seek all other reputable options for capital before selecting to get a seemingly low cost, fast MCA for their small business enterprise.
Buyer Beware! How To Do Due Diligence On A Business
In the fast-paced and interconnected world of commerce and technology, the need for businesses to protect themselves has never been greater. Businesses seeking a provider for services must start a due diligence effort before signing any contractual agreements. If not, they put their own capital or employees at risk. Merriam-Webster defines the term due diligence as research and analysis of a company or organization done in preparation for a business transaction.
How a Factoring Loan is NOT a Loan
Are you searching for a factoring loan? We can help you! But first, we want to tell you that a factoring loan is NOT a loan. At least, it’s not like other loans you’re familiar with. The money you get from factoring loans is YOUR money—it’s not money you’re borrowing and have to pay back. Factoring is a real business decision that can help your business operate and grow.
The Benefits of Loans
Loans can do business owners, as well as individuals and families, a lot of good. Loans can help us get homes and vehicles. They enable us to go to school and earn advanced degrees. In the business world, they help companies start and grow businesses. Depending on the situation, they can assist individuals in achieving many different goals. Loans can be a great tool, but it’s important to know they are not always the ONLY tool you need to grow your business.
The Downside of Loans
Does going to the bank give you flashbacks of going to the principal’s office? You’re sitting across a big desk from someone who can significantly impact your future. There are a lot of questions, paperwork, maybe even some words you don’t understand. Once you’re granted a loan, you then have to add those loan payments to your already long list of monthly expenses. Often, it feels like you’re just paying interest and it’s hard to see an end in sight. You might end up feeling trapped.
How Factoring Loans Can Help
When money feels tight, take a closer look at your ledgers. You’re a prudent small business owner, and you know you’re not making mistakes. Study your accounts receivables. The cash flow might be low only because you’re waiting on getting paid from clients. It doesn’t mean their payments are past-due. Maybe their billing cycles don’t line up with yours. (This is especially common in business-to-business dealings.) Or, their invoice processing timeline seems to drag on and on. (Governmental clients are notorious for this.) If this is the case, it’s time for your business to look into how factoring loans can help you.
What are Factoring Loans?
Invoice factoring can also be described as selling your accounts receivables. You pass your unpaid invoices on to a company who takes on the responsibility of getting paid. They can give you up to 80% of the money that’s due to you almost immediately. Once your clients pay them in full, you’ll get the remaining percentage minus a small fee for the service: no bank visit, no interest, no collateral. It’s YOUR money. Factoring enables you to access it.
Factoring With United Capital Funding
How to get started? Look into factoring companies. These are financial institutions that purchase your unpaid invoices. United Capital Funding specializes in factoring loans—or buying accounts receivables. We focus on providing you with intelligent capital to help maintain your success. We’ve worked with Fortune 500 companies as well as small family businesses. Our decades of experiences span almost every industry. Take the first step and call us at 877.894.8232 to get a free quote. You can also contact us online. We look forward to hearing from you.
Article Posted On: December 05, 2018