Accounts Receivable Financing: More Than an Asset Sale
It is not an uncommon thing for businesses to wait months for payment from their clients for completed work. This is a potential money source for many companies. Accounts receivable financing is one way to harness that money so you can continue growing and expanding your company. Also known as factoring, accounts receivable financing is selling your accounts receivable invoices at a discount. It allows you to get paid quickly and often in one large lump sum, but also does so much more. Credit checks, risk notification and detailed monthly statements are all included in this option, which effectively equates to outsourcing your AR department. Some of the greatest benefits for qualifying accounts include:
- Free credit insurance
- No fixed payments
- No recourse with nonpayment of account
- Payment in as little as 24 hours
- No need for personal guarantees
- Bulk purchase discounts and early payment options
- No seemingly arbitrary loan board decisions
- As receivables rise, so does funding
At All Commercial Funding, we offer this beneficial service to all business types. This means more businesses can focus on what matters: staying in the black. Use the funding from financing receivables to purchase inventory, deal with seasonal demands, take on new accounts and to expand your business in profitable ways.
Contact us today for more information. Our financial specialists will provide you with a no-cost analysis of how our products and services can help you grow your business and make your company stronger.