4 Ways to Spot a Bad Customer
It is said that one of the secrets to running a successful business is to have only great customers and to avoid the bad ones. This makes perfect sense, but is much easier said than done.
Collapse of MyPayrollHR: What should I do?
As was widely reported online and in most business-related publications, the abrupt closing of the payroll giant processor, MyPayrollHR has left small businesses and their employees scrambling in a state of financial panic. And with good reason. MyPayrollHR and its parent company, Value Wise Corporation closed last Thursday (September 5, 2019) without any warning. It shut down its website and stopped returning phone calls. The company stated that it had over “5,000 companies as clients” as of this past summer. To say this has caused trouble for their former clients would be an understatement.
Why Choose AR Factoring For Your Business?
Accounts receivables (AR) are about as useful as a check you can’t cash out. Waiting to get your money is the name of the game in many industries, but that doesn’t mean it’s easy. But why shouldn’t you get that money sooner? It’s your money after all!
Why Small Business Invoice Factoring Is The Right Choice
Bills are everyone’s worst nightmare. Especially when the money for those bills is MIA. It’s also an unfortunate truth for many small businesses—invoice payments often come in weeks or months later and it’s hard to keep up. But what are you going to do about the bills you have right now?
Florida-based Commercial Finance Firm to have Expert Speak at International Conference
Tampa, FLA (August 22, 2019) – United Capital Funding Chief Marketing Officer Mark Mandula will represent the commercial finance firm at WOA’s inaugural convention in Belgium. The conference will start on Tuesday, October 7, 2019 and is a two-day event that offers networking and educational opportunities to professionals in the finance industry. The theme of the conference is “A World of Opportunities.”
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! More and more companies are selling receivables as an alternative, but which is truly better? Take it from the professionals, we know who the true winner is. And by the time we’re done, so will you.
Selling Receivables Are NOT Loans!
If you’re an avid reader of our blog, you know we’ve said this in the past. Namely, How a Factoring Loan is NOT a Loan. If you’re new, let’s summarize. Although, don’t get us wrong. Loans are a wonderful resource that has helped out many, many people. But loans also have their downsides.
Loans often feel like a last resort, a struggle for money that leaves you feeling more confused than before. Then interest follows you like a dog nipping at your heels and as time goes on, it feels endless. Selling receivables aren’t like this. And if you’re a B2B or B2G company, United Capital Funding is here to help!
Okay, So How Does Selling Receivables Work?
If you’re new to the field, you probably aren’t sure about what a ‘receivable’ is. Specifically, we're referring to accounts receivables, the outstanding invoices waiting for payment. And you know, waiting on this money can take a long time. Usually, weeks or even months of waiting to see a dime. This way of running a business can go south in a money struggle. But as a factoring company, that’s where we come in.
UCF has a very specific and simple role. We buy these accounts receivables, which helps your business profits. By selling us your accounts receivables, you don’t have to wait on that money anymore. We take the copy you give us and give you at least 80% of the cash. Working as your accounts receivables department, we’ll handle the rest by having your client pay us. Once the bill is paid in full, you’ll receive the remaining amount minus our fee.
In the end, there’s no hidden fees, and you don’t have to keep paying off a stubborn loan. That sounds like a knockout!
Selling Receivables With UCF
Selling receivables will save you in a pinch and it’s the gift that keeps on giving. Stop panicking about money and factor your accounts receivables with United Capital Funding. If you have any questions for us beforehand, call us at 866.647.2680 or send an email to firstname.lastname@example.org. Sign up for a free consultation or apply today at no cost to begin your process!
Article Posted On: August 22, 2019