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?
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.
At the end of the day, it is all about your progress and we want to lend you a helping hand. After all, intelligent working capital is what we are all about.
The UCF Perks
The everyday granularity of running a business can become exhausting. Our team wants to make working with us as easy as possible for your benefit. Part of that ease is incentivizing you with lower rates. We can accomplish this because we are owned by Gulf Coast Bank & Trust Company, which allows us to finance in-house as opposed to utilizing other services like the majority of our competitors.
This allows us to provide an array of various client offerings and simply more funding. Who doesn’t want more cash in their pocket? Learn more about our offerings today. The sky is the limit on what you can accomplish with a partner like UCF.
What You Need To Know About UCF
We get a lot of questions about our industry on a regular basis. Most of the time potential clients want to learn about factoring. Sometimes the questions are related to the fees associated with our service. That being said, we decided it would be beneficial to clear up some of the confusion:
- To potentially qualify for our services your company must be completing B2B and B2G sales with open accounts—and it’s that simple!
- We are not brokers. UCF is a factoring firm and the funding source. A broker is the middleman between a business and its funding source, while we reach you right where you operate – without the middle man.
- You will typically only encounter two types of fees - a fee for the cost of the capital and a banking fee (ACH or wire transfer charge).
- We vary in the industries and size of businesses we service. We understand that one size does not fit all.
So, grab a quick quote today to learn how United Capital Funding can help you ease the cash flow crunch!
When you hire United Capital Funding you get a partner to help your business ascend to the next level. You can call our team at 866.647.2680. Don't forget to follow us on Facebook and Twitter for helpful tips and industry updates. Our staff is waiting to assist you in the next steps so contact us today!
Article Posted On: October 30, 2019