Selling Receivables vs. Loans: The True Winner
Life is a bunch of twists and turns. One moment your business could be on top of the world, and the next you’ve never been lower. Especially when you’re stuck waiting on your paycheck for weeks or months, paying the bills seems impossible. At this point, most people would consider a loan. Although, this isn’t the only option!
Choosing An Accounts Receivable Company
As a growing business (in the B2B or B2G realm), you know it can be difficult to expand with a slow source of income, but relying on payment for accounts receivables does not mean that you have to wait for your money.
Factoring Finance Saves Businesses?
Who would have thought you’d be struggling to pay your workers even though business is booming? It’s actually a common problem many have when their revenue comes from accounts receivables. Your client’s check is coming months from now, but your employees need their money now!
Florida-based commercial finance firm unveils innovative platform
Commercial finance firm, United Capital Funding, unveiled a new reporting platform this month to its clients. The reporting platform, Cadence, is the latest addition of cutting-edge features that mark the finance firm’s continued commitment to client-centric offerings.
Utilizing Commercial Factoring In B2B Companies
As a B2B, or a business providing a product and or service to other businesses, you rely on payments being made on time. But the reality is that sometimes you can be waiting for payment for who knows how long. This isn’t an ideal strategy for a growing company.
How Accounts Receivable Financing Companies Can Help
Accounts receivable financing at first glance sounds like a tricky topic. While it can be complicated it boils down to a simple fact that companies often need more cash than they have on hand. Accounts receivable financing helps companies who need their invoices paid so they can pay their employee and have cash on hand for miscellaneous company business. This type of financing is very beneficial to companies who need working capital and can’t afford to wait until their invoices are paid, or something never paid. United Capital Funding can help you turn your invoices into working capital so you can continue business operations.
Gain Working Capital
One of the biggest drivers of business is cash flows. You need a healthy cash flow to run your business. Sometimes you create products and send them out with an invoice attached. These invoices do not always get paid right away. Instead of waiting for these invoices to get paid in 30, 60 or even 90 days, accounts receivable financing allows you to get cash for those invoices almost right away. That way you can continue your business operations as scheduled. United capital funding gives you more flexibility than a loan to ensure the future of your company.
Generate New Business
Instead of worrying about how you are going to pay your employees and other bills, you could be spending that time on new business endeavors. Having good cash flows allows you to focus your energy on creating new opportunities. United Capital Funding allows you to do just this through accounts receivable financing. We make it simple for you to get through the approval process and have working capital within a few days. Loans can take a long time to get approved, but United Capital Funding can get you cash for your invoices in almost no time.
Accounts Receivable Financing vs. Loans
You might be wondering what the difference is between accounts receivable financing and a loan is. Well, one of the biggest differentiators is the amount of time. United Capital Funding has the ability to get you cash to run your business within a few days. Loans have a long approval process and by the time you get the money, it could be too late. This is just one of the many advantages of accounts receivable financing.
Let United Capital Funding Help
Our goal is to make this process as simple as possible for you to get what you need. Give us a call today at 877.894.8232 or receive a quick quote online to see what United Capital Funding can do for your business.
Article Posted On: March 31, 2018