Small businesses are the backbone of the American economy, but slow paying customers, seasonal sales fluctuations and other factors can jeopardize the financial well-being of even successful companies. An inability to meet cash flow needs can cripple a small business.
Small business factoring services from Factor Funding Co. offer the cash flow solutions to meet small business challenges, including:
- Meeting fluctuating payroll needs
- Paying operating expenses
- Financing inventory and equipment expansion
- Paying the costs to expand into new markets
- Taking advantage of growth opportunities
Meeting the Needs
Small companies frequently lack the capital reserves that are available to large corporations to operate and grow during periods of reduced cash flow. Small business owners in need of an infusion of working capital might find that the size of their companies limit them from accessing such traditional sources of cash flow as bank financing.
Business owners dream of getting a large order from a new customer, but the dream can quickly turn into a nightmare as the company struggles to find the cash needed to meet the demands a large order can place on the resources of a small business. Being unable to obtain the working capital needed to fulfill customer orders can hinder the growth and threaten the survival of a small business.
Factor Funding Co. has experience working with small business owners nationwide to provide financing alternatives including small business factoring services that can quickly convert a company’s invoices into working capital.
Advantages of Small Business
Unlike a loan, small business factoring services do not add additional debt to a company’s monthly accounts payable. Other advantages offered by small business factoring services include:
- Instant conversion of unpaid invoices into working capital
- A quick, efficient process that avoids the hassles and delays of bank financing
- No review of the business owner’s personal credit history
- No collateral requirements
- A company does not need a credit history, so new businesses can qualify
GET IN TOUCH WITH FACTOR FUNDING
What better way to get the peace of mind you need for you and your family than from an expert with decades of experience helping countless others in exactly the same way?
Reach out for assistance to ensure that your feeling of being in a rut over awaiting settlement doesn’t last long. We get plaintiffs the cash they need.
Waiting around won’t help you pay your expenses. We look forward to chatting about your financial needs and how we might be able to partner up to assist in achieving your goals. Here’s to your success!