Invoice advance solves your cash flow problems today
Most small, non-retail businesses sell their goods and/or services to medium and large-sized businesses or government agencies. These agencies then invariably require their small business vendors to submit invoices for payment, usually bearing Net-30 day or longer terms. Therefore, in truth, small businesses provide financing to their large business/governmental agency customers which is the crux of the small business cash flow dilemma.
The financial tool known as factoring, which is the purchase and sale of accounts receivable (invoices) at a discount at or near the time of invoice creation, can help solve this inevitable cash flow problem. We purchase your invoices at a discount and advance you the funds immediately. We transmit the invoices to your customers in whatever form they wish (US Mail, Fax or Email). Your customers send their checks to us which we credit to the appropriate transactions and invoices making up the transactions, as received.
Although all small business owners want to grow and prosper, few have the necessary working capital to handle increased orders in times of economic expansion or extended invoice payment in periods of slowness.