One of the biggest challenges for small and medium-sized businesses in America is getting access to working capital funding. Your business may have clients with great credit and the ability to pay, but they want payment terms of 30, 60 even 90 days and that leaves you desperate looking for ways to keep the bills paid and provide services in the interim.
So, how does it work? Eagle Business Credit works with of small and medium-sized businesses in a variety of industries to provide working capital line of credit. We do this in several different ways. With receivables funding, also known as factoring, we’ll provide a cash advance of your accounts receivables. This means you’ll have money today while we wait for your customers to pay.
A simple explanation of how it works
Deliver goods or services to your customer as normal. Send the invoice to the customer and a copy to eagle business credit.
Eagle advances up to 97% of the face value of the invoice within hours Of receiving the invoice. No more waiting to get paid.
Once invoice falls due for payments. Eagle undertakes collections work On your behalf. Customer pays eagle business credit.
Once the payment has been received from the customer. Eagle sends the balance of the invoice to you. Less a small fee. It’s that easy!
Eagle Business Credit doesn’t charge hidden fees. Our fees are based on a percentage of the amount your customers owe you. Alternatively, we can also structure your facility so that our fees are related to the prime interest rate.
Invoice factoring and our different fee schedules are just a few ways we work with clients to provide quick access to cash. Once approved, Eagle can offer you cash against new receivables within 24 hours. The application process is quick and simple with several different options. You can either apply online or give us a call on 1-855-420-8318.
Eagle Business Credit considers the relationship it has with its clients as a partnership. You will never be just a number and our common-sense decisions are made by human beings rather than computer algorithms. Our goal is to structure a cash flow product that will help you grow your business. Our professional team boasts more than 100 years of combined experience in helping small businesses meet their working capital funding needs. We understand that in the fast-paced world of today’s business, waiting even one extra day for cash owed can be the difference between business growth and failure.
Whether your small business is in the transportation industry, exports, international trading or manufacturing, we have a factoring product that can help you maintain your cash flow, so you can work on expanding your business. Give us a call today at (855)420-8318. We’re looking forward to having you join our family.