If your small business is strapped for cash or expanding at a rapid pace, you’re probably considering funding options. Have you put any thought into invoice factoring? It could be exactly what your company needs to improve cash flow.
Here’s how your small business can benefit from factoring:
Save time. Don’t waste another minute collecting from elusive customers. When you sign up for RMP Capital’s Accounts Receivable Financing Program, we’ll collect on all factored invoices, giving you more time to focus on building your business. What could you accomplish for your business with a little extra time?
Opportunity for growth. It can be difficult to grow your small business when your accounts receivable is frozen and/or delayed. A factor will help you unlock the cash within your business by speeding up your accounts receivable. That means more cash in your pocket for anything from expanding product lines or investing in new technologies.
More money than a bank loan. It’s no secret that banks have strict lending policies — especially when it comes to small businesses. Factors will often give a cash advance on a large portion of your accounts receivables. You might just get more than you’d be able to from a big bank.
Ready to learn more about RMP Capital and how we can help your small business? Give us a call today and ask about our Accounts Receivable Financing Program: 631.738.0047. For more tips, look for us on Facebook, Twitter, Google+, LinkedIn and YouTube.