Cash flow is one of the most common obstacles we hear from business owners trying to grow their business. These business owners are doing many things right – they are securing clients and developing new products – but when it comes to having an effective cash flow cycle, they find a roadblock. Business owners may discover that a client’s pay cycle does not match up with theirs or they need working capital to hire more staff, contract with vendors, etc. The phrase “it takes money to make money” summarizes the situation well.
Though a factoring solution seems daunting and complicated, it can also be a reliable and fast solution.
- Factoring is usually faster to set up than bank loans. Depending on your situation, you could walk in with an obstacle and walk out with a working capital solution.
- Factoring gives profitable companies that are growing faster than their pay cycle the time they need to collect accounts receivable.
To have the best factoring experience, partner with a company who understands your company’s needs and will work with you to find the right solution for your specific business needs. Cash flow doesn’t have to be an obstacle when you are trying to grow your business.
Have more questions? Contact us today and we’d be happy to answer them.
