Accounts Receivable Financing Could Be the Key to Your Success
Do you feel constrained in your business by a sudden cash crunch? Are you weighed down in your small commercial venture with the odds heavily against you? Are the doors of regular financing such as loans and credits closed on you? If your answers to these questions are in the affirmative, then it is time you went for accounts receivable financing. Let these problems not hold you back from succeeding in your business any more.
Basically accounts receivable financing implies selling outstanding invoices or receivables at a reduced rate to a factoring or finance company, which in turn accepts the financial risk on the receivables and offers ready cash for your business. It can become the key to your success in the following ways:
Accounts receivable financing provides your business with a steady and dependable source of flexible working capital. Its various advantages ensure the stability and growth of the business funded by a factoring or finance company.
Factoring invoices helps to get funds faster, which can be used as the capital to cover the operational cost of the company on a daily basis. You might as well be able to minimize overhead by paying some of your own invoices earlier and avail of any discount offered.
Accounts receivable financing gives your company the added advantage of an increased credit rating by supplying surplus funds for not only making payments on time, and sometimes ahead of schedule.
Now that your business has the comfortable capital on hand to operate, it is superfluous to seek outside funding like venture capital. The negative aspect of such funding options is that they usually necessitate the surrendering of equity in the company, which instead now can remain with you. You are also free to reduce the amount of early payment discounts, which they have been offering you so far. This saves their money allowing them at the same time to receive funds, which are necessary to operate. Increased cooperating capital facilitates volume discounts on purchases leading to additional savings.
Accounts receivable financing enables you to free your business resources, with the result that you can now focus on productive activities like selling and further expanding your business. Instead of endlessly waiting for payment from your slow paying customers, you can now afford to devote a considerable amount of time towards building your business.
By obtaining accounts receivable financing in the shortest possible time, after a simple approval process, you are no longer under any obligation to make payments and create a debt like a traditional bank loan.
Say goodbye to long billing cycles as well as the difficult job of collecting money.
With accounts receivable financing, you are at liberty to choose the amount of funding, whether more or less. It is your choice.
Accounts receivable financing is a useful measure to increase your retirement income and protect your vulnerable asset.
In spite of the above attractive features of accounts receivable financing, you cannot take its success for granted. It is an important key to make this program work best to your advantage. It is advisable to consult with a well-informed and experienced attorney, who would carefully read through the lender's documents and ensure that your business interests are protected.
Related Tags: factoring, factoring company, freight factoring, truck factoring, account receivable financing
Accounts Receivable Financing For Truckers can help your trucking company grow. Get cash instantly without taking out a loan. To learn more about Freight Factoring visit our website: http://www.phoenixcapitalgroup.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are