It doesn’t matter whether your business is big or small, sometimes, cash problems arise that need to be dealt with ASAP. That’s where the team from Camel Financial comes in. By offering quick cash solutions like accounts receivable funding services, we can help companies remain in sturdy financial standing, pay bills and employees, and plan for the future.
But if you’ve never heard of accounts receivable funding before, you’re not the only one.
How Accounts Receivable Funding Works
Before diving into the benefits, you’re probably wondering how accounts receivable funding works. In the simplest of terms, accounts receivable funding gives the control of the invoicing process to an outside company. Having a third-party take care of tracking down invoices and making certain clients pay their bills can avoid cash flow gaps and other issues. It can also help companies get a great handle on supplies and inventory.
It’s important to note that the money received from a third-party accounts receivable funding provider is free to be used as your company sees fit. This revenue is based on projected invoices, but you don’t need to track them down; your accounts receivable funding provider does.
Benefits of Accounts Receivable Funding
There are a number of unique benefits to accounts receivable funding, including:
- You’ll Receive Free Working Capital: Since all of the money will come from project invoices, there will be no fees or taxes applied to the money you receive from an accounts receivable company. You’ll be able to use your funds however you like, there are no restrictions.
- Available for Companies New & Old: To receive funds from an accounts receivable provider, you won’t need to have been in business for a certain amount of time; they’re available to new and old businesses alike.
- Quick Cash for Your Needs: Arguably one of the biggest benefits to accounts receivable funding is that you’ll be able to receive quick cash when your business needs it most. Applying for loans or extended credit can take weeks. Why wait that long when you can have cash in hand in a manner of hours through accounts receivable funding.
Contact us today for more about accounts receivable funding solutions!
For more about how to get your company on a firm financial footing, contact Camel Financial today for information about accounts receivable funding. Contact us online or call (949) 722-7717.