invoice

The Benefits of Invoice Factoring for Small Businesses

In today’s ever-changing economy, keeping a small business afloat can be a struggle. Business owners have two options: they can take out another line of credit or they can factor their accounts receivable. When it comes to factoring services in Marietta, GA, there are several advantages. Keep reading to learn more from the financial experts at Eagle Business Credit.

Immediate Funds

By far the biggest reason why so many business use factoring because they can get the cash they need fast. If this is the first time you’ve applied with a factoring company, setting your up account should only take a few days. Once you’re set up the ongoing factoring process is even faster. You’ll have the cash you need usually within 12 hours. Use these funds to make payroll, pay monthly utilities, buy much-needed supplies, or invest in new equipment and opportunities.

No Credit, No Debt

Unlike a small business loan, you don’t need to have been in business for years and factoring won’t add to your debt. Factoring firms look at the credibility of your customers when reviewing invoices for purchase, not you or the business. The more likely your customers are to pay their invoices, the greater the appeal for the factoring company. It doesn’t matter if you don’t have perfect credit. Factoring your invoices won’t hurt your existing credit. In fact, it’ll help improve your credit by adding to your company’s capital.

Save Time and Money

Factoring your accounts receivable will also save you time and money. Factoring will eliminate the need for waiting to get paid and reduce your time spent on chasing those late payers. You don’t have to offer early settlement discounts or installment plans anymore in order to get paid quicker. Don’t waste any more time creating reminder invoices and calling customers. Factoring does that for you, for free, as part of the standard service. Factoring will help reduce costs for postage, supplies, and valuable personnel hours that can now be used in other areas. Once your factoring firm steps in, they’ll handle tracking down customers and obtaining payment and managing your accounts receivable for you.

Factoring is a fast and easy way to get the funds you need to keep your business running smoothly. Let an experienced factoring company in Marietta, GA, take the stress out of receivables management and help you focus on your business.

How to Get a Working Capital Line of Credit for a Startup

Starting a new business is difficult work. It takes significant amounts of time, energy, and money to get your business up and running. You need to get your office set up and ready for business. However, you will still need liquid capital to purchase more inventory and meet other needs to keep your business functioning. Maintaining working capital in the beginning can be extremely difficult while you wait for your customers to pay their accounts. Fortunately, there are ways to alleviate this bottleneck in your cash flow. Working capital lines of credit for small businesses in Austell, GA. are a great way to keep your business going. Let’s look at your options for getting a working capital line of credit: Continue reading “How to Get a Working Capital Line of Credit for a Startup”

How Factoring Brokers Can Help Startups

New startups typically face one common problem: managing cash flow. Oftentimes, you have expenses, but you don’t currently have the cash to cover them. This is a very common issue among new businesses, but there is a simple solution to it–factoring companies in Alpharetta, GA.

Factoring brokers essentially take your outstanding invoices and pay you what you’re owed by your clients. Then, they go and collect on the invoices themselves. How does this benefit your new business? Here are a few ways. Continue reading “How Factoring Brokers Can Help Startups”

How Can Accounting Receivable Financing Help Your Business?

If you’re searching for a means to increase your working capital without taking out a bank loan, borrowing from friends or family or using your credit cards, there’s no need to look any further. You can try financing your accounts receivable in Austell, GA, as a funding solution recourse for your business. Accounts receivables are quick assets that you can sell to a “factor,” at a discount. This practice is vital if you want fast money to fund operations, but don’t have the time to wait for your customers to pay or qualify for a business loan from your bank. Here’s how working capital funding can be an advantage to your business: Continue reading “How Can Accounting Receivable Financing Help Your Business?”

How a Factoring Company Can Help You with Slow-Paying Clients

While offering payment plans or extended credit terms to your clients is a great way to draw in business, slow-paying clients can bring your company to a standstill if not handled carefully. What’s the best way to handle this type of client? Keep reading to learn more from the financial experts at Eagle Business Credit. Continue reading “How a Factoring Company Can Help You with Slow-Paying Clients”

funding

Working Capital Funding for Small Businesses

No matter the size of your business, working capital is the lifeblood of your organization. You use it to pay bills, buy equipment, meet payroll and tax obligations, and expand your business. For working capital funding in Roswell, GA, there are three options. Keep reading and learn more from Eagle Business Credit.

Credit Lines

You probably already looked at taking out a business loan when you started your business. Opening a credit line with the same lender is usually the first thing business owners think of. Unfortunately, opening a line of credit with your lender will add to any existing debt. The approval process can take weeks and if your credit isn’t perfect, or you haven’t been in business long enough, you probably won’t be approved. Thankfully, there are faster, easier options that’ll help you get the capital you need to keep your business running. Continue reading “Working Capital Funding for Small Businesses”

How Factoring Can Improve Your Cash Flow

Cash flow is vital to keeping your business moving. If you run out of working capital, you can’t maintain your inventories and other expenses, and that can result in lost sales and customers. Cash flow can be especially difficult for businesses with slow paying customers. Factoring your invoices is a great way to keep cash moving in your company. It works by having a 3rd party company purchase your open invoices and then they collect the money from your customers for you. This arrangement gives you the cash you need when you need it the most and frees you up from having to manage your accounts receivable, enabling you to generate more business. Here are some of the other benefits of factoring services: Continue reading “How Factoring Can Improve Your Cash Flow”

Managing funds

3 Strategies of Working Capital Financing

One of the biggest challenges for new and growing companies is managing their working capital. Businesses with slow paying customers can struggle to build enough working capital to build assets as the company grows. One method to help with this issue is through working capital financing. This financing gives you the cash you need to keep things moving while you wait for outstanding invoices to be paid. There are three different styles of working capital management, let’s look at them now: Continue reading “3 Strategies of Working Capital Financing”