Why You Should Be Using Accounts Receivable Financing
Accounts receivable financing is one of the most powerful tools for a healthy cash flow in business. What are the benefits of AR financing? Here are three reasons you should add it to your roster.
- Fast Financing
It’s hard to predict when your business will need an infusion of cash. Sometimes customers take a while to pay or urgent inventory bills appear. That’s when being able to turn unpaid invoices into instant capital is such a powerful option.
- Limitless Uses
With accounts receivable financing, you have the freedom to use the capital for anything you want. Depending on the invoice amount, you can upgrade, purchase or invest in countless business needs:
- Technology
- Inventory
- Payroll
- Business equipment
- Down payments
- Marketing
You don’t have to request approval or follow strict requirements. The capital is yours.
- No Debt
Since AR financing involves a cash advance of funds that are already yours, you’re not taking on any debt. There’s no loan to repay. You’re simply converting unpaid bills into immediate capital.
So, why aren’t all business owners financing receivables? Some owners have the misconception that this alternative financing is too complex. Actually, getting working capital via invoices is a tried-and-true method, and it’s incredibly easy with our help. To learn more, contact our team right away.