At CoreFund, we provide our clients with the quality financing solutions they need . Here are just a few reasons invoice factoring is one of the best solutions to working capital needs:
1. It creates positive cash flow.
Accounts receivable financing and invoice factoring are both very viable options for making sure your cash flow stays positive. Cash flow is essential for your business to continue making products or doing jobs. Without it, your business might have to close its doors.
2. It can help your business survive during hard times.
When a billing cycle gets delayed, it shouldn’t affect your entire business. Invoice factoring provides cash for the expenses that might disrupt your business if they’re not taken care of. As a secondary source of commercial finance, invoice factoring keeps your businesses above water should you encounter challenging economic times.
3. Liquidity is created quickly.
Factoring produces liquidity almost immediately, as opposed to traditional lending methods. There isn’t a long application for credit or any hoops to jump through to show that your business is creditworthy. In fact, factoring companies are mainly concerned with your customers’ credit. Factoring is very fast-paced, allowing your expenses to be covered quickly.
4. Your customers won’t experience any interruptions in their buying process.
Another reason why factoring is a good option for businesses is that you receive the benefit of selling your invoices, which is immediate working capital, but your billing process or anything else dealing with your customers isn’t interrupted.
5. We specialized in multiple industries.
CoreFund finances multiple different industries. Whether you’re looking for freight factoring for your trucking business or work for a staffing company, we have you covered and are experienced in your industry.
If you’d like more information on how factoring can help your business, contact us today!
Post written by Senior Copywriter “Nikki Wakefield” of CoreFund Capital, LLC.