The economy is showing signs of improvement. Your business is growing. Happy customers send more customers to your door. Business can boom with more infrastructure. You want to stay competitive and flexible in the marketplace. Those happy customers will pay you. But that may take 30, 60, or up to 90 days. Yes, the money will come in…but you could sure use it NOW. Your employees deserve to be paid on time…and so do you!
There are a number of resources available to businesses that need access to cash. These include the Small Business Administration (SBA) loans, private investments, and another resource called invoice factoring to name a few. Invoice factoring, however, is a speedy process that is a simple and provides quick and efficient accounts receivable financing when you need it. When cash flow is a challenge, invoice factoring is a source that may help your business.
A factoring company purchases your outstanding customer invoices from you – and pays you for them in as little as 24 hours.
Let’s look at a few of the advantages.
Application and approval time are much shorter for invoice factoring than they are for most traditional small business loans. When you work with experienced factoring experts, such as those at Bay View Funding, your cash can be available to you in as little as 24 hours.
Your money is there when you need it most. You are not stuck waiting for payment from customers. That can be crucial for making payroll reliably and consistently.
•You Stay in Control
You choose which customer invoices you want to factor, and when. It is entirely up to you. The funds for those accounts that you choose to factor are quickly available to you on approval.
•Credit & Cash Flow Advantages
If your credit is less than perfect and you have a large number of invoices outstanding, you may be a good candidate for invoice factoring.
Invoice factoring is a cash flow management tool that can help you to grow your business and put it on a secure footing for the future.
Bay View Funding is a leader in this field. Established in 1985, we’ve helped businesses just like yours to understand and embrace invoice factoring as a useful tool for success.
Our veteran team of factoring professionals is standing by to help you get the answers you need. Contact us here or call (888) 299-9993.