By: American Receivable
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Much like destiny, the success of your business is determined by the choices you make for the business, not by chance
One of the most important choices, when starting or running a business, is financing. Every business needs capital in order to run smoothly. Fixed expenses like rent, payroll, taxes, and insurance have to be met or there will be no place to do business and no employees to work in the business. It is important to look at options and choose the one that will be most likely to ensure success for your business.
A business that is not eligible or does not meet criteria for traditional bank loans has to look beyond the bank for alternate sources of capital...
Bank loans also require repayment according to specific terms of the loan. Most businesses have some customers that pay on time. However, it is the customers that tend to be slower to pay and often go over 30 days, that result in cash deficits for the company. When the invoices are not paid, the owner sees a slow down in cash flow, which affects his ability to continue doing business as usual. Without consistent cash flow, the business owner may not be able to pay his employees or hire additional help. Purchasing inventory is difficult when the business does not have enough cash coming in to cover expenses necessary for the success of the business. This, along with rent, insurance, and other operating expenses are vital to the continued growth and sustainability of the business.
Invoice factoring, or receivable financing, referred to as "factoring"...
Is a great way for business owners to guarantee consistent cash flow for their business. Factoring is an age-old form of non-traditional funding for businesses. Invoice factoring allows business owners to use their own assets as a viable source of cash flow, and, without incurring debt.
American Receivable has been helping businesses for 40 years with their cash flow solutions...
Rated #1 among factoring companies nationally, American Receivable purchases invoices from the business and provides a percentage of the invoice to the business for those receivables. The business owner can use the money at their own discretion to better serve the immediate needs of the business. The business owner maintains control of running his business, his way. When the customer American Receivable and the business owner gets the remaining funds called "reserve" less agreed upon fees.
American Receivable works directly with each client to find solutions for their specific needs. The business owner does not have to sell all of his invoices, just the ones they choose. As needs change, American Receivable works with the business helping them continue to grow.