If you weren’t constantly monitoring your accounts receivable, what could you accomplish? If you didn’t have to wait 30, 60, or even 90 days for customers to pay you, but could have your funds right away, how much more could your business grow? If you weren’t always wondering when a customer was going to pay you, but could know in advance what your monthly cash flow would be, how much simpler would it be to plan, budget, and grow?
AR finance with small business factoring services are different. Unlike a loan, online small business factoring does not put your company into debt, nor is it dependent on your personal credit history. Online factoring approvals are based on your customers’ creditworthiness and your invoices’ values, making AR finance a fast, accessible method of small business financing. In fact, accounts receivable factoring services can save you money and improve your business’s credit rating! Through commerical finance factoring, Fast A/R Funding purchases companies’ invoices for up to 95% of their face value, typically providing funding in about 48 hours. Then we help collect on those invoices, manage your accounts receivable, and limit your credit risk while you focus on your business.
Almost every small business has cash-flow challenges from time to time. Fluctuating production costs, late customer payments, and increases in payroll can all present serious challenges to small businesses and start-up companies. But taking out a small business loan to cover things like payroll is a potentially risky, long-term bandage for what is likely a short-term issue. Additionally, loans can take weeks to process and are highly dependent on your personal and business credit and assets, making them very hard for small businesses and start-ups to obtain.
If your company needs capital and you sell to creditworthy customers in the U.S., odds are, AR factoring is right for you. For more information, contact our online invoice factoring experts at info@fastarfunding.com or 888.833.2286 today.
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Disclaimer: The information presented above is general and intended for educational purposes only. It is not a substitute for practical legal or accounting advice on any specific situation.
