Today’s business environments are competitive and fast-moving, and it doesn’t seem to matter whether you are a new business in Waukesha, WI or you operate an international exporting business. Access to working capital is essential for any kind of business, and contract factoring is a flexible way to convert your outstanding accounts receivable into the working capital funding you need. Eagle Business Credit is an experienced receivable servicing company, offering a variety of financial solutions for your business.
As a factoring company, Eagle Business Credit provides invoice factoring and receivables services. Unlike traditional business loans that may have stringent and rigid credit qualification requirements, accounts receivables financing is approved based on your outstanding invoices. With fast-approval and low fees, factoring has become a popular financial tool for small and medium-sized businesses around the world. The application process for a traditional business loan is slow and can be expensive. You could be waiting months before you receive your funds. With invoice factoring, most of those approved receive their funds within 24 hours.
Additionally, when receiving funding through invoice factoring companies, the amount you receive is not considered a loan, therefore it will not show up on your company’s balance sheet, and will not be reported to credit agencies. Your approval is not based on your personal or company credit profiles but on the strength of your customers and their ability to pay.
You choose which accounts to include under the factoring contract. You can choose tonot include those customers who pay quickly and hand over the others for us to handle. Slow-payers are not a problem.
We recognize that each and every business is unique, with specific financial needs and methods of conducting day-to-day business. Eagle offers a variety of options to meet the needs of your business.
Whether you are an exporter who needs export financing options, or a transportation firm looking for a trucking and freight factoring company, or a new start business needing an immediate working capital loan or require staffing factoring services, look no further than Eagle Business Credit. Traditional trucking loans and working capital loans for small business may not offer the flexibility found in the asset-based loan and staffing factoring services we offer. To find out more about our services, explore our website.