No matter what industry you’re in, you’re likely to run into cash flow problems from time to time. This is especially true if you have clients who pay for goods and/or services in the future, not right away. A lesser-known solution to cash flow issues is invoice factoring.
Fast funds— If you need immediate working capital, invoice factoring is a smart choice. You’ll get cash right away, helping to cover funding gaps due to slow-paying clients. This way, you don’t have to wait on payment to do things like pay your bills and meet payroll demands. Simply put, you can spend more time growing your business, and less time chasing down customers for payments.
Simple approval process— Banks and other traditional financing sources are not always the best option, especially if you have poor credit or haven’t been in business for very long. With invoice factoring, on the other hand, we look more closely at the creditworthiness of your clients as well as the value of your invoices.
Interested in learning more about invoice factoring? Get in touch today to learn how RMP Capital makes funding your business easier! Call 631.738.0047 to speak with a representative. For more tips, find us on Facebook, Twitter, YouTube and LinkedIn.