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Does Your Technology Company Need Cash Flow?

by | Feb 15, 2019 | Business Funding

invoice factoring memphis

Over the years the Technology Industry has become increasingly competitive. To stay relevant in the market, new tech companies need adequate funds in hand. Access to working capital is the best way to tap into the right growth opportunities at the right time.

At Carter Funding Corporation, we can improve your financial liquidity with immediate cash transfers through technology industry factoring. We can provide you funding within 3 business days with rates as low as 1 percent and up to 90 percent advance rate. When it comes to a reliable and steady source of cash flow, you can rely on us. Whether you need ongoing working capital or occasional cash-injection, we can assist you with it all. Your Factoring Line of Credit with CFC is only limited by the credit worthiness of YOUR customers!

Qualification Requirements For The Technology Industry

Qualifying for invoice factoring for your IT company is comparatively easier than bank loans. Though qualification requirements may vary from factor to factor, nonetheless here are some basic qualification requirements that are common to all:

  1. B2B or B2G (Business to Government) business with creditworthy invoice clients
  2. Invoices/accounts receivable must be due or payable within 90 days
  3. Applicant should not have any tax or legal problems

Advantages of Invoice Factoring

  • It’s not a loan- therefore it doesn’t add to your business liability or debt
  • Offers quick cash flow to meet urgent working capital needs
  • Has no credit limit, contracts, minimums or maximums
  • Does not require the applicant to have a great credit history
  • Provides instant capital for business expansion and growth
  • Improves credit rating
  • Improves liquidity that is much needed to meet payroll deadlines, lower the risk of bankruptcy, and pay off tax obligations.
  • Your factoring Line of Credit with CFC is only limited by the credit worthiness of YOUR customers!

For more information on technology industry factoring or service assistance, contact us today! Get in touch with us to convert your future accounts receivable into today’s working capital.