Entrepreneurs continue to start new businesses at a steady rate. For many people, the goal of owning their own company, being their own boss is the driving force. Others want to create more jobs and deliver a better product or service to their customers. One trait that all start-up businesses have is a limited amount of start-up capital.
Starting a business can be expensive. Signing a lease, buying equipment, hiring employees, investing in marketing are expenses that have to be paid immediately. Often before your company has even started to generate any revenue. This draining of start-up capital can leave business owners searching for financing to be able to afford to take on larger customers and bigger projects.
Landing your first big customer often means having to pay for additional upfront expenses. The contract might require extra equipment and more employees, stretching your cash flow even further, larger customers often take extended payment terms.
Factoring Company to the Rescue!
This is when savvy entrepreneurs turn to a factoring company. By partnering with a Top Rated Factoring Company growing companies find the money they need, without having to sell off equity or take on any debt! The process of invoice factoring is straight forward; once you have completed your project you invoice your customer then email a copy of your invoice to your factoring company. The factoring company will fund 80%-90% of the invoice amount. This will give you the working capital you need to pay your employees and buy supplies for your next project. Once your customer has paid the invoice, the factoring company will payout the remaining balance less a small factoring discount. Business owners are also protected from making bad credit decisions by the factoring company.
Entrepreneurs have trusted the experts at American Receivable for 44 years. Because of flexible factoring our clients have the confidence to undertake larger projects with some of the biggest companies in the marketplace. Our streamlined application turns prospects into funded clients in just a few days. Call us today to learn how American Receivable can keep you on the fast track for growth.
jack@americanreceivable.com 972-404-4726
brad@americanreceivable.com 800-297-6652
dakota@americanreceivable.com 512-339-5112
