AR Factoring In 2020
Factoring is a form of financing that can help companies with their cash flow issues. It allows businesses to finance their invoices to increase their working capital. Cash is the lifeblood of businesses and without it, your business can’t grow. Factoring invoices provides flexibility for businesses struggling with cash flow.
How Commercial Factoring Can Benefit Your Company
When times are hard on your business, it’s time to look for an alternative. Luckily, there are several different ways to help your business in its hour of need. Thanks to the work at United Capital Funding, we’re able to help clients get their cash and use it to improve business. But how? With commercial factoring!
Factoring Finance Mythbusting!
Remember the stories we used to hear when we were kids? Creatures like Bigfoot or stories like Hercules were myths we believed… at least for a little bit. But even though we’re older now and know better, there’s still the occasional myth that we tend to believe. Specifically with real-world actualities. And — just like with any industry—there are plenty of myths associated with factoring.
Why Are Companies Selling Account Receivable?
Every business owner encounters a situation where they need more cash for operations. You can have a superior product with large profits. However, if cash flow is bad, your business will suffer. It is possible to be successful in business but still encounter cash flow issues since good cash flow is essential to running a successful business.
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?
Payroll Factoring Done Correctly
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.
Why Payroll Factoring
Cash flow changes are constant due to growth, seasonality and everything in between. The advantages of payroll factoring are simple and straightforward:
- Funds are distributed as soon as an invoice is verified by your customer.
- Qualifying for factoring depends on your business, its customers and your personal financial history.
- If you are a startup company, you can get funding just like any other business with a long record of accomplishment.
Additional pros of payroll factoring can be seen within various added benefits such as:
- There are no minimum or long-term contracts, so you can handle your money in what way best suits you.
- Your funding potential grows as long as you have invoices.
- Factoring allows you to fund payroll consistently.
- Back-end support allows you to handle what you need while our team takes care of the invoice process by running the credit analysis needed for a client.
Tap into the unlimited financial potential with factoring. Reach out to our team at UCF and you will unlock the potential to take your business to new heights. Learn more about what we can do for you!
The UCF Way
We have been in the business since 1997. Within that time span, we’ve serviced an array of different business sizes and types. In total, we have provided more than $3 billion in funding to our clients. We lead our industry in the United States—and we want to help YOU as we have helped so many others. We are here to be the trustworthy and reliable solution to your needs. Our joy is watching our clients prosper and grow into their potential. Let us do the same for you. Find about the United Capital Funding way of payroll factoring.
Contact UCF For Payroll Factoring
Our team is anticipating your call, so ring us right now at 866.647.2680. When you become part of the UCF family the difference is clear. We provide the experience you need in order to handle your payroll factoring needs. For additional information, feel free to check out the FAQ section of our website. For more information on factoring and how it can help your business please look at these case studies and our client testimonials when you get a chance. For the financial freedom that your business needs, contact United Capital Funding.
Article Posted On: December 27, 2019