Free Up Working Capital with Accounts Receivable Financing
As much as we’d like them to, invoices aren’t always paid on time. And when they are, repayment terms often leave you with gaps in your cash flow as you wait 30, 60 or even 90 days to get paid.
When you’re counting on this capital to maintain day-to-day operations, pay staff and support growth, it can put your small business under unnecessary financial strain. But what if you could get paid faster for the work you’ve already delivered?
With accounts receivables (AR) financing, you can.
Use accounts receivable financing to get capital in a jiffy.
You can qualify even if you don’t have amazing credit.
Here’s what makes accounts receivable financing unique: your credit rating isn’t very relevant. Why not? Because the factoring company will be more focused on the credit of the company that owes you money, as it’s the crucial factor that determines how likely the factoring company is to get paid once ownership of the invoice has been transferred.
This underscores how important it is for you to work with legitimate, creditworthy folks. Play with fire and you might get burned. Reliable clients, on the other hand, will pay you faster and more consistently. And if you ever find yourself in a situation where you need to use accounts receivable financing (like right now), their financial health will provide you with better financing options.
No collateral? No problem.
Another cool fact about accounts receivable financing is that it doesn’t require any collateral. This means that you’ll never need to put your beloved ‘69 Firebird on the line in order to get the small business capital you need.