Accounts Receivable Financing
Taking advantage of your accounts receivable when your business involves providing regular services and sending out invoices for your customers to pay on 30, 60 or 90 day cycles, you are sitting on a lot of capital waiting in limbo. If your business is just starting out, going into bankruptcy or losing a lot of money, MCG can help you with accounts receivable financing. Financing receivables involves looking at your customers' credit, so we should be able to help no matter what your business or personal credit looks like.
A source of capital when you need it
Accounts receivable financing, also known as factoring, involves the selling of your customer invoices. We can usually offer you cash within a week, and you don't have to worry about paying the amount back like you would with a loan. We simply purchase the invoices, wait for the customer to pay us the invoice amount, then give you the rest of what you are owed minus fees.
What can you use the money for?
There is no limit to what you can use the money for. Selling invoices gives you working capital to:
- Pay your employees
- Purchase more inventory
- Grow your business
- Meet seasonal demands
- Obtain newer, bigger accounts
Learn more today
To learn more about how your accounts receivable can provide working capital for your business, contact MCG commercial funding today.