Most traditional financing solutions require the use of personal assets as collateral, but with accounts receivable factoring, your unpaid invoices are the only collateral.This gives you back time to do what you do best – growing and running your business. Instead of spending your time tracking and chasing down payments, the factoring company takes care of that hassle for you. Accounts receivable factoring also helps reduce admin load.Business accounts receivable factoring can put money in your account often in a matter of a few business days. Working with a bank or other lender to get access to funds can take weeks or even months, and involve a bunch of paperwork. It’s faster than traditional financing options.It can also help relieve any seasonal strain your business may typically experience, and lets you bolster your books by funding invoices at strategic times. You no longer have to worry about uneven cash flow, and can better manage your day-to-day operations such as covering payroll or purchasing supplies.You can even bid on larger projects when you have fast access to working capital. Allows you to fund a growth project or opportunity to help scale your business.Because the factoring company is working with your customers, it’s their credit risk and business history that is most important. With accounts receivable factoring that’s not an issue. Unless you’ve been in business for a number of years and can prove your profitability, it can be very hard to get funding from a bank or other traditional lender. Provides cash liquidity without the stress of taking on debt or selling equity in your business.If you’re a small business that wants access to fast and flexible working capital to cover ongoing operational expenses or new expenses, factoring receivables for your business has many benefits. If you’re interested in learning more about accounting for factoring receivables, our Complete Guide to Invoice Factoring is chock full of information, and answers 45+ questions you might have about the invoice factoring process. Once the invoice is deemed eligible, complete any final steps for approval, after which funds are deposited to your account. We’ll then confirm the eligibility of the invoice. Select the invoice you’d like to fund and submit it for review. You can either do this manually, or connect to a supported invoicing software or accounting software – we’re fully integrated with QuickBooks, OpenInvoice, Enverus, and Workbench, for added convenience. From there, you’ll be able to review available funding options, advance rates, and send in required documentation (business formation documents, government-issued photo ID, a void check). If you want to cover off any short-term cash flow crunches or need funding for growth, a factoring company like FundThrough can help. Report a bug, suggest a feature request, or ask a question here. Use our help resources to learn which solution works best for your business. Our team is available Monday – Friday, 9am – 5pm ET. We’re always here to discuss how we can work together to help small businesses grow. We’re always looking for bright, passionate people to join our team.įundThrough in the press, and updates about our company. Get to know our story and why we work to help small businesses reach their full potential. Join us in our goal to help small businesses boost their working capital and grow. Read our thought leadership, case studies, company updates, and more. New to invoice funding? Read our thought leadership to help you boost your working capital. Read the success stories of small businesses that use invoice funding to expedite their growth. Get flexible invoice funding in days for one price without hidden fees.įundThrough has the highest customer satisfaction rate in the industry.ĭiscover the variety of B2B industries that get invoices paid in days to access capital How FundThrough delivers streamlined invoice funding. Discover how easy it is to get invoices paid in days.
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