A Business Case for Account Receivable Factoring by United Capital Funding
Accounts receivable factoring is a business tool used all around the world by many different companies. However, it is a relatively new practice in America, and common misconceptions often prevent businesses from pursuing this useful credit tool. So, what exactly is accounts receivable factoring?
Staffing With Factoring In 2020
It’s a new year and so it’s time to beef up your staff. You have your company right where you want it, but you need the talent to facilitate continued growth. Unfortunately for you, there are some outstanding invoices from clients still pending. So, what do you do? The answer is very simple. Utilize our staffing factoring services at United Capital Funding.
5 Common Financial Mistakes
Being in this business for so long, we’ve seen our fair share of financial slip-ups and mistakes. Of course, every business owner makes mistakes here and there, but some mistakes can be devastating if you’re not careful. Take charge to prevent financial disasters before they happen to your business. Get the help you need from our accounts receivable funding company.
Why Trust In United Capital For Your AR Factoring?
Deciding to get into factoring is one thing, but who to factor with is an entirely new decision! And, as with any company, you need to check out everything they offer. It’s almost like buying a new car—it’s an investment. Out of all the companies, why should you choose United Capital Funding to do your AR factoring—also known as accounts receivable? We know we offer more than other companies, but allow us to explain before you make your decision.
Payroll Factoring Done Correctly
How does a business owner turn unpaid invoices into working capital for their business? Well, the answer is called payroll factoring. Typically this financing tool advances 80% to 85% of the value of the invoices. Is this something that you feel could be beneficial to the success of your business? Then give our team at United Capital Funding a call today. Our experienced team will be happy to explain the ins and outs of the process and how we can help your business get to the next level.
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