There’s nothing more powerful for your business than having the cash you need when you need it, but even the most successful businesses sometimes struggle with getting fast access to cash. You may have invoiced the client for a sizable amount, but it could be weeks or even months before you have that cash in hand. That’s where receivables factoring comes in!
Receivables factoring can get you the cash you need to:
Receivables factoring is an alternative to bank loans or lines or credit that provides your business with the cash you need when you need it. Instead of a loan, receivables factoring is an advance against your client invoices. By selling your current invoices to a receivables factoring company, you can get the cash you need within 1-2 days, instead of waiting weeks or months for the client to pay up. That frees you to run your business without interruption, and gives you the power that you need to make purchases and grow your business.
There is no worse feeling than seeing opportunities pass you by just because you don’t have the cash in hand when you need it. That client invoice sitting on the desk may promise you the money that you need whenever it gets paid off, but that doesn’t do you any good today. When the bills come due, when a supplier is offering a substantial incentive program, or when new opportunities for growth are in front of you, you don’t want to have to pass on them just because you don’t have the cash in hand.
Receivables factoring can put the power of cash flow back in the hands of your business, and give you the flexibility you need to steer your business into the future. Entrepreneurs all over the country have already experienced the benefits of receivables factoring, especially for those businesses that may have difficulty securing bank loans or business lines of credit. If you’re a business owner with client invoices who could use fast access to cash, and you’d like to have the reins of your business success back in your grip, then receivables factoring might just be the answer you’re looking for.
This article brought to you by QC Capital Solutions, a leading provider of receivables factoring services to B2B companies. We help growing businesses find the cash flow they need to thrive and grow in a competitive marketplace. Ready to see what receivables factoring can do for your business today? Click here to get started!