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 For Security Guard Companies
One of the most important parts of a company is their employees. Without them, it would be difficult to operate. Every company wants to make sure that their employees are happy and taken care of and are compensated accordingly. While this is a good intention, sometimes those middle of the month pay dates can be difficult if you’re still waiting on invoices from your customers. Paying your employees on time is important and you want to make sure to keep your company operating smoothly. That goes double for security guard companies.
This is where United Capital Funding can help. We provide payroll factoring for security guard companies to make sure that your company has the opportunity to grow while keeping their employees happy. Here are some ways that United Capital can help your company:
We Provide Flexibility
We understand that our services might not be required every month which is why we don’t require a long-term contract. We are flexible can work with your company on a month-to-month basis when needed. And if you decide that our services are no longer needed, we don’t charge a cancellation fee! Most companies find that after a few months of factoring that their cash flows even out and no longer need the service. We want to do what we can to get your business where it needs to be.
You Come Out Debt Free
Unlike a traditional loan, you won’t have any debt after the process. This is because the funding is based on work already done. The process works because we purchase your accounts receivables and assume the responsibility to collect on them, reducing the risk on your company. We essentially give you an advance on those accounts receivables. This process is also easier for bookkeeping and will not reflect debt on your financial statements.
Credit Issues Don’t Affect Factoring
We understand that security companies sometimes have to pay them employees late based on things outside of their control. With United Capital Funding you don’t need to worry about your credit score because we don’t review that during the process. With almost two decades of experience servicing security companies and we’re ready to help you.
Don’t wait up to 90 days to get a return on your invoice. Sell United Capital Funding your invoices and we can provide almost immediate funding. You can get up to 80% of your invoice in advance and the balance will be held until paid by the client. When we collect the full balance of the invoice from your customer we return the reserve balance to you, minus a small fee for our services. It's very simple to guarantee payment for your services with United Capital Funding.
Let United Capital Fund You
We will work with your through every step in the process. We have over two decades of experience in the security industry and can give you the opportunity to grow your business without going into debt. Give us a call at 877-894-8232 or fill out our online form to get a quote and start the process. It’s that simple!
Article Posted On: June 05, 2018