Many small businesses often suffer from cash flow problems, which, in turn, play a role in disrupting the smooth flow of business operations. During such times, in most cases, there is a major disparity between the completion of the work versus the duration it takes for the client to process the payment. And, when the payments are not processed in a timely and uniform manner, cash flow problems arise. After all, a business will still have to foot the bill for its operational costs, right? So, how can small businesses get through such ordeals? Fortunately, there are numerous options and sources for small business funding.
Best Option For Small Business Funding
Although there are several options for small business funding, we are of the opinion that your business can greatly benefit from factoring solutions. The process of factoring can come to your aid if you have cash flow problems and want to improve your liquidity in order to keep up with other businesses and growing opportunities. After all, you will need cash to meet your ongoing working capital needs and requirements.
In this process, businesses can acquire immediate liquid cash by selling their accounts receivable at a discount to a factoring agency. Factoring is a simple process of withdrawing money from the value of the invoices that are scheduled to be processed/paid in the near future. It requires your business to pay a convenience fee to the factoring agency that is willing to advance money to your business on the basis of your customer accounts receivable invoices.
The process of factoring is particularly beneficial for business organizations that frequently face imbalance in sales and cash flow; factoring allows the organizations to receive immediate liquid cash to pay off immediate bills. The process of factoring usually involves the participation of three parties. The first party sells the receivable; the second party purchases the receivable, and the third party involved in this process is the debtor—the one who owes money to the owner of the receivable/invoice.
Despite the presence of numerous sources for small business funding, we believe that the factoring process is the best for your business.
So, the question arises—how does the factoring process work?
Small Business Funding Assistance
First and foremost, you will have to get in touch with a reputable factoring agency. After that, you will need to fill an application form. Most factoring agencies don´t even take factoring application fees. All you will need to do is to submit your application along with your business details including information about your invoice and accounts receivable.
After the submission of your application, the factoring agency scrutinizes and processes your application and approves it within 24 hours of the application submission.
You will then be alerted and informed of the approval of your request. Along with that, you will also be informed of the terms. After you agree to the terms and conditions, the factoring agency arranges your funds and delivers it to you within 3 business days. And, that is it really!
You will need to deal with a factoring agency when you seek for small business funding. There isn´t a dearth of factoring agencies in the world, with each claiming to be better than the next. However, the ones worth dealing with are very few and far between. If you don’t have the time to do your research and are looking for guidance, let us help you out. We would recommend you to get in touch with Carter Funding; they offer invoice factoring to help small businesses get the funding they need.
Why do we recommend Carter Funding?
Well, we recommend Carter Funding Corporation simply because it is one of the best factoring companies in the nation. How do we know that? Well, the corporation boasts of an A+ rating from the BBB (Better Business Bureau). The company has been providing its services to clients since its inception in 1994 and has processed/financed millions of dollars for businesses all over the nation; this tells us that the company has a wealth of experience under its belt and that it delivers on its promises. What are some of the objectives of Carter Funding Corporation you ask? Well, some of its main objectives include serving with honesty, providing strong commitment towards customers, and prioritizing on time performance. The company also excels at providing personalized funding solutions with exemplary customer service and professionalism.
Like other stellar factoring agencies, Carter Funding Corporation ensures that startups and new businesses don´t have to face financial crises due to cash flow problems. Carter Funding Corporation helps the businesses improve their liquidity and gives them the opportunity to expand, grow, and tap into new businesses. The company prioritizes providing immediate funds to help businesses meet ongoing working capital needs.
It helps that the corporation doesn´t only offer factoring solutions to a particular sector; it provides funds to businesses across diverse industries. Hence, whether your business is involved in the staffing industry, manufacturing sector, service sector, technology industry, communication field, or distribution sector, you can be assured of receiving the necessary funds without any discrimination.
When you deal with Carter Funding Corporation, you can be assured of receiving factoring rates as low as 1 percent per invoice. Carter Funding Corporation also offers up to 90 percent advance rates. In addition to that, they also provide online access to invoice images & reports round the clock. And, the company approves your application within 24 hours! Need we say more?