Is Accounts Receivable Financing Right For You?

In thinking about whether accounts receivable financing is the right solution for obtaining working capital for your business, ask yourself the following questions:

• Is your business in startup or growth mode?
  
  
• Have you been turned down by a bank for financing?
  
  
• Do you have weak financials or personal credit issues?
  
  
• Do a majority of your debtors pay over 30 days?
  
  
• Do you have to be selective in choosing customers because they do not pay on time?
  
  
• Do you have to scramble at the end of the month to cover your payroll expense?
  
  
• Do you have projects that you could be bidding if you were assured that you would have the cash flow needed to take on the additional work?
  
  
• Does your business rely heavily on inventory, requiring large capital expenditures to fulfill orders?
  
  
• Have you been putting off that marketing campaign that you know would increase sales because you are afraid to deplete your cash reserves?
  
  
• Do you want a minimal amount of required management of cash, instead of the constant day-to-day advances of a line of credit?

If the answer to one or more of the above questions is “Yes” and your business is receivables-based, then you are definitely are candidate for accounts receivables financing.  Call us today at 843-284-8766.