Factoring of Accounts Receivable is one of the best financing alternatives for owners looking to maintain or scale their business. Do you want to know why? Just take a look at these four common situations where Factoring is a gamechanger for your small business.
You Need Cash Right Away
While every business is unique, all organizations have one thing in common: at some point they all need to get cash fast for a variety of reasons, such as purchasing inventory, facing operating expenses, or seizing a business opportunity.
In this type of scenario, time is of the essence, so taking out a bank loan is out of the question. A bank loan is a long, complicated process that involves several steps. By contrast, Factoring offers turnaround times in tune with the needs of small business owners. For example, at ACS Factors you get approval in just hours—not days or weeks!
Slow-Paying Clients
Late payments are a common headache that most small business owners know all too well.
Anyone can fall behind on their payments now and then. But when your customers make a habit of missing payment deadlines, you run the risk of experiencing cash flow shortages that compromise the stability and success of your business.
Factoring is a great way to deal with slow-paying clients. Not only do you get cash faster, but you also save the time and money you would have needed to collect those late payments.
Projects Where Payment Will be Delayed
Big contracts where you go months without getting paid are not uncommon in many industries. This type of situation can cause your cash flow to dwindle: What to do while you wait for that big check to arrive?
Factoring is the answer. In addition to fast approval times, ACS Factors offers the flexibility you need to navigate a cash crunch:
- No deposit or application fees
- Month-to-month deals
- No early termination fee—ever!
- No minimum funding
- No fee if you don’t factor
- Easy-to-increase funding limits
- We take the risk if your customer cannot pay—our loss, not yours!
You Want Funds Without Having to Incur Debt or Give Up Equity
When business owners need funds, they are often faced with two alternatives: Incurring debt by taking out a loan from a bank or another similar institution, or selling a portion of their company’s equity.
Debt can hurt your business’ finances and credit score. Selling equity, on the other hand, means giving up ownership of a portion of the business you worked so hard to build. Neither are particularly inviting outcomes.
Luckily, there’s an alternative: Factoring helps owners avoid debt and retain full control of their business while getting the capital they need to reach their goals.
ACS Factors Helps You Turn Your Invoices Into Immediate Cash
At ACS Factors, we help you get the capital you need to move your business forward. We are located in Upland, California, and have many clients in the distribution and logistics corridor which includes Ontario, Riverside, Fontana, Jurupa Valley, and Moreno Valley.
We take Factoring to the next level with fast approval times, no deposit or application fees, easy-to-increase funding limits, no minimum funding, and more!
Reach out today by email (info@acsfactors.com) telephone (909-946-5599), or through our social media accounts on Facebook, Twitter, and YouTube, and start converting your accounts receivable into cash today!
