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.”
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. You need your money and can’t wait weeks or months for it, but you have no other choice. Or do you? United Capital Funding is here to help! With the use of commercial factoring, we are ready to help your B2B company grow beyond expectations. Don’t wait anymore for the money you deserve.
How Does Commercial Factoring Work?
Commercial factoring is a straightforward concept. As a B2B company, your line of work focuses on providing goods or services to another business. With these dealings come an amount of accounts receivable. To continue, accounts receivable are outstanding invoices that a client needs to pay. Before the amount is paid however, these accounts receivable do not benefit the company’s growth.
The process begins with you providing us a copy of the invoice. In a short amount of time, we review all necessary information and process your request. Once approved, you’ll receive up to 80% of your money within a few days. At this stage, UCF works as your accounts receivables department and services the invoice. Once your client pays the entirety of the invoice, you receive the rest. Minus our professional fee of course. See? Simple.
There are no maximum times you can use our services, UCF is always open to those who need us. With that in mind, what’s keeping you from helping your company?
Commercial Factoring ≠ Bank Line Of Credit
Contrary to belief, commercial factoring is not the same as a bank line of credit. You sell your accounts receivable to us and we give you the amount, minus a service fee, once the client pays in full. A bank line of credit, on the other hand, is a potentially unlimited amount of money that you pay off regularly. Lines of credit can end badly if your payments aren’t on time. It’s only smart for your business to choose factoring instead.
Grow Your Business With Commercial Factoring
To grow your B2B enterprise, you need to use every option available. The best option to ensure this is by choosing commercial factoring. With this in mind, contact United Capital Funding without delay! To ask our professionals any questions, you can always call at (866)647-2680 or email us at email@example.com.
On the other hand, if you’re interested in factoring, don’t be afraid to sign up for a free consultation. Ready to begin your process? You can always begin your application here. As stated before, you’ll know if you’re approved within a day. Help your business by factoring with UCF.
Article Posted On: June 10, 2019