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 is a Factoring Company Better Than A Broker?
What Is A Factoring Company?
Factoring is the purchase of account receivables. A third-party financial business—a factoring company—takes over your unpaid invoices by paying you the amount that’s due, minus one small fee. Factoring can be especially useful for business-to-business (B2B) or business-to-government (B2G) invoices. It is not a loan and factoring companies are not banks or brokers. It frees up money that’s already yours.
Approvals Are Easy
To qualify for loans, you must fill out what feels like hundreds of forms throughout a weeks-long process. You’re surprised they don’t want your blood type and a copy of your eighth-grade report card! Working with a factoring company is much more straightforward. Most businesses are approved in less than 24 hours and paid within a few days. The money is directly transferred into your whatever account you choose.
Your business does not have to be in financial trouble to consider factoring. In fact, most business clients of factoring companies are on solid ground and growing. With a simple online application, startups and certified-minority contractors can also receive funding.
No Hidden Fees or Interest
Since invoice factoring is not a loan, there’s no interest. There’s also no hidden fees, application fees, start-up fees, documentation fees, closing fees, or termination fees. After providing a copy of your invoice to the factoring a company, such as United Capital Funding, they immediately pay you up to 90%. Then, they act as your accounts receivables department. Once your client pays them, the factoring company gives you the remaining amount, keeping a small fee for their services. You’ll know the exact fee from the beginning—and you’ll only be charged once. Everyone is better off.
They Partner, Not Overpower
Brokers charges fees to be a middleman between businesses and lenders. Factoring companies take over your accounts receivables. When you take a loan out from a bank or other financial institution, they’re only worried about you paying it back. Factoring companies treat you like a business partner, not a delinquent child. When you work with an invoice factoring company, they pay YOU real money from their own capital. Once they pay you, you don’t have to worry about chasing your invoices—or having a bank or lender chase after you.
Your Neighborhood Invoice Factoring Company
United Capital Funding provides factoring services nationwide. They partner with small businesses in every industry. Printing, staffing, telecommunications, transportation, communication, pharmaceutical, manufacturing and those with government contracts all benefit from factoring. Selling your accounts receivables is one of the best ways to grow your business and take charge of your capital. To get an instant quote, call 877.894.8232 or fill out this short form today.
Article Posted On: September 05, 2018