How Accounts Receivable Financing Secures Your Business
Running your small business is no simple challenge. Having to turn to financing is not an uncommon requirement and there is nothing to be embarrassed about. Accounts receivable financing is one of the most appealing types of financing because it is incredibly safe, quick, and there is very little chance of accumulating debt. As one of the lightest types of loans, financing receivables provides you with quick working capital to help your business succeed. Other benefits include:
- Flexible credit options
- No fixed payments
- Short time to process
- Simple qualifications
How it Works
Financing your receivables essentially uses an outstanding invoice as collateral. When you complete work for a client and issue them an invoice, you can choose to finance it instead. We accept the invoice and provide you capital for it. When the invoice is due, we collect from your client. This means you are essentially borrowing from your future and getting the money quicker. If you find yourself in a tight spot and need money quickly, this is a great option for small business owners. To learn more about financing receivables, contact SMP Legacy Funding. We put our clients first and always work with them to create a specialized solution. We would be happy to answer all of your questions.