Invoice factoring, also known as accounts receivable financing, boosts your cash flow by providing immediate working capital funding (that’s cash available for your business to use) against the value of your open invoices so you no longer have to wait the 30, 60 or even 90 days it takes your customer to pay on credit terms.
Express Funding is a simple program that works great for businesses that need less than $50,000 in financing. It works like a working capital line of credit; the more invoices you issue, the more funding you receive. There is no contract to tie you in. In the unlikely event you feel it’s not working, you can leave penalty free. Best of all, there are no loan repayments to worry about making as we get paid back from the customer when they pay!
Unlike a traditional line of credit, invoice factoring services can also help new-start, growing businesses that have used up their available funding lines, or even struggling businesses that have poor credit or trading losses. A bank loan will require business profits, good credit history or lengthy time in business. We do not. If you have open accounts receivable, your business can receive its first round of funding in as little as 24 hours with no application fee.
While you continue running your business, we handle collecting from your customers as the invoices fall due for payment, leaving you to run your business. Best of all, your available line of credit will grow with you – the more sales you can make, the more money you can get!
Still unsure? Click here to watch a short video on how Factoring works.
Getting a funding line of less than $50,000 has never been easier. With Express Funding from Eagle Business Credit, you are only two steps away from getting the money you need in your bank account fast.
Outstanding receivables impact cash flow and could cause you to miss making payment on vital overheads like payroll. Using accounts receivable funding brings predictability to your cash flow, so you know you’ll be able to pay your bills on time. Qualifying is easy. If you sell to other businesses on credit terms, you are very likely to be approved by Eagle Business Credit. When you work with us, you’ll always have the available working capital to cover business expenses.
We work with many different types of companies, helping them with get the money they need to strengthen their business. A lack of working capital funding could cause your business to fail. According to a recent U.S Bank Survey, 82% of businesses that failed, struggled with cash flow management? Don’t let that happen to your business. Express Funding from Eagle Business Credit offers easy financing to best fit your unique company’s needs. Call us today and find out why our Clients love working with us.