Accounts Receivable Financing and Invoice Factoring Provides Immediate Cash
Having cash available is the lifeblood of every business. When cash is available, businesses are in a better position to take advantage of new opportunities and maintain a strong bottom line. One of the best ways to get cash for your business is with accounts receivable financing or invoice factoring from Scale Funding.
How Accounts Receivable Financing and Invoice Factoring Provide Cash for Businesses
Accounts receivable financing and invoice factoring are financing options many businesses use to increase cash availability or maintain positive cash flow. Factoring is the selling of accounts receivables (invoices) to a factoring company for an immediate cash advance. Instead of waiting for 30, 60 or even 90 days for customer payments, factoring gives these companies the immediate cash they need to manage their business.
Here’s how factoring works. When Scale Funding purchases your invoices, we advance via direct deposit, up to 95 percent of the invoice amount directly into your bank account within 24 hours. The remaining amount is held in reserve. Once your customer makes payment on the invoice to Scale Funding, the remaining balance, minus a small fee, is paid to you.
Get Cash for Your Business with Factoring
Cash flow is simply the amount of money coming into and going out of a business. When a company has a negative cash flow business loans and business lines of credit are not an option for financing. Banks simply will not approve loans or lines for companies in bankruptcy. This is why factoring makes sense.
While a business loan or business line of credit is dependent upon a companies credit, accounts receivable financing relies on the credit and payment history of your customers. Factoring lines are based on your customer’s ability to pay. In addition, factoring does not create debt for your company. It is simply speeding up access to the cash you are due.
Start Factoring with Scale Funding
At Scale Funding, we know the attention of company leaders should be focused on building their business. We understand that taking the focus away from the work at hand is counter-productive. We eliminate complications and offer a speedy setup process. With Scale Funding, getting set up for accounts receivable factoring is as easy as 1-2-3.
Step 1 – Get a Quote
The initial step in securing a factoring line is to speak with a Scale Funding representative. We’ll discuss your cash flow situation and needs, and we’ll offer a free, no-obligation consultation and quote for a factoring line. Our simple and straightforward underwriting guidelines allow most customers to receive written quotes in 30 minutes or less. All factoring quotes are customized for the specific needs of the client. We’ll work to make certain the factoring line meets your requirements.
Step 2 – Submit invoices and related documents
Once a factoring line is agreed upon and you are ready to move forward, we’ll schedule your first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the set-up process, we’ll walk you through the agreement and discuss your invoices and any related materials.
Step 3 – Get cash for your invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received. Getting cash for your business has never been more simple or fast.
Why Cash from Scale Funding Makes Sense
With over 20 years of experience serving companies across North America in a range of industries and situations, Scale Funding has the know-how to be the right choice as the source of cash for your business. If lack of cash is holding back your business, talk to a Scale Funding representative today and find out how factoring can become part of your success. Scale Funding has customized factoring programs designed to meet the unique cash needs of each client. From cash flow to service and success, Scale Funding makes sense.
Scale Funding Factoring Experience & Industry Expertise
Scale Funding serves clients in a wide range of industries. A get-it-done culture, reliability, and industry knowledge are hallmarks of our reputation. By understanding “how things work,” Scale Funding staff work on our customers’ behalf and help them succeed.
Scale Funding provides accounts receivable factoring to customers in many industries including:
To Speak with Scale Funding about Getting Cash for your Business, Call (800) 707-4845, or Contact Us Today!
RESOURCE CENTER
Learn More About Invoice Factoring
Accounts Receivable Financing: Boost Cash Flow and Business Growth
What is Accounts Receivable Financing? Accounts Receivable Financing is an alternative financing option for businesses seeking fast cash. Businesses sell…
How Factoring Companies Solve Cash Flow Issues for Businesses
Growing businesses may face issues with the timing of customer payments and their own expenses. These businesses can also face…
Introduction to Invoice Factoring and How It Works
You’re not alone if you find yourself waiting for customers to settle their outstanding invoices. Many business owners face this…