Using Accounts Receivable Financing to Manage Cash Flow
No matter how carefully you shepherd your company’s resources, your cash flow can quickly become an issue that is out of your hands if your customers do not pay promptly and you have commitments that require outgoing funds. When that happens, the only way to make sure your business moves forward smoothly is to have resources that allow you to extend your cash flow by accessing your money. That’s where accounts receivable financing comes in.
What Happens When Financing & Factoring Receivables
Financing your company’s accounts means taking out an advance that relies on your customers’ credit, not your own. That means a Speritas Capital Partners associate will review your accounts and your customers’ payment histories before calculating the size of any available advance. We then assume collections on your payments, deducting the advance and a service fee before passing the rest on to you.
Benefits of Accounts Receivable / Invoice Factoring
- Manage cash flow easily
- Increase your maximum volume of business each month
- Payment insurance on your customers at no extra cost to you
- No recourse if your customers do not pay
- No loss of equity or long-term debt
If you are ready to apply for your first factoring cash advance now, contact one of our associates to get started. They are waiting to help you.