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.
Terms To Know From A Factoring Finance Company
No matter if you’re new to business or have been around for a while, everyone needs a refresher every once in a while. And we know, financial business terms can be hard to grasp onto sometimes. But that’s why we’re here! At United Capital Funding, we’re ready to help as much as we can as your choice factoring finance company. Let’s get to it and review those terms!
Stop Waiting On The Government To Pay Your Invoices
Working with the government is good business. You know the money is coming and it’s a steady stream of work. However, your company spends weeks or months waiting on a paycheck that you earned a while ago. For some, that income is necessary to keep the lights on, let alone keep employees paid. There is a way to get a majority of this money within a week.
A Merchant Cash Advance Loan: we did the math
Like a sheep in wolves clothing, the MCA product is a troubling and rapidly growing segment of the small business online lending industry today. A small business owner must be very careful and understand the true cost APR of this kind of capital. If they don’t, they run the risk of true financial Armageddon, and a wise small business owner should seek all other reputable options for capital before selecting to get a seemingly low cost, fast MCA for their small business enterprise.
Buyer Beware! How To Do Due Diligence On A Business
In the fast-paced and interconnected world of commerce and technology, the need for businesses to protect themselves has never been greater. Businesses seeking a provider for services must start a due diligence effort before signing any contractual agreements. If not, they put their own capital or employees at risk. Merriam-Webster defines the term due diligence as research and analysis of a company or organization done in preparation for a business transaction.
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! Luckily, there is a way to get most of your money faster without having to wait for your clients. Find out why you should choose AR factoring for your business.
Remind Me Again, What Is Factoring?
Factoring is a pretty straightforward and simple concept. Basically, you take your accounts receivables and sell them to us. Once approved, at least 80% of your cash gets to you within the week. The remaining money, minus our service fee, is given once your client provides the payment in full. No longer do you have to wait weeks or months for your paycheck. But why should your company choose AR factoring in the first place? Well, there’s more than one reason, even if your company isn’t in a financial crisis.
So Why Should You Choose AR Factoring For Your Business?
There’s more than one reason to make the decision to factor. We receive clients who feel they don’t have the right reason to factor. And we always respond in the same way: there’s no wrong reason to factor! To dispel any concerns, let’s discuss a few fields and how factoring helps a business.
- Finance. We’ve covered an example of factoring in finance before. As a refresher, imagine your company supplies other businesses with products. However, that business doesn’t pay you for those supplies until a month later. Factoring that invoice enables you to grow faster and be more secure financially.
- Staffing. These sort of companies have a specific type of challenge. With a workforce that needs to be paid, payment occurs on a regular basis. But without the right funds, this puts the company in a tough spot. Factoring gets your money to you within the week to distribute.
- Information Technology (IT). Many IT companies bill on a 30, 60, or 90-day invoice. While this allows for an easier time for your clients, it’s plenty nerve-wracking for you! During this wait time, you’re expected to pay your bills and also your employees. Factoring these invoices gives you peace of mind and the resources to keep your lights on.
Discover The Benefits Of AR Factoring For Your Business
Ready to begin the factoring process? Apply today and see what heights your company is taken to. If you have any questions for us, please call 866.647.2680 or contact us online. We look forward to hearing from you.
Article Posted On: August 30, 2019