Accounts Receivable Factoring can help your business during uneven revenue cycles without relying heavily on traditional loans, while providing steady cash flow as you wait for your customers to pay their invoices, resulting in funds for growth. While all businesses are unique, they all have to maintain cash flow and working capital reserves to sustain and grow operations. If you are unsure whether accounts receivable factoring can help your business, read the most common reasons why our clients use New Century Financial.
“I don’t want to take on any more debt from loans.”
This is a common stance for almost every business. No one wants to take on unnecessary debt, but the truth is businesses use short-term loans to smooth over uneven revenue cycles all the time, which can further strain finances and impact credit ratings. Accounts receivable factoring is an off-the-balance sheet solution that allows businesses to preserve their hard earned credit scores without taking on any debt. Learn more about how you can take advantage of debt-free business financing solutions.
“Why can’t my customers pay their invoices faster?”
Businesses that use accounts receivable factoring issue invoices with payment schedules of 30 days or longer. We turn those invoices into cash within 24 hours so businesses don’t have to wait on their customers.
“I’m tired of putting growth plans on hold.”
Many business owners have to delay plans for growth because there’s never enough capital on hand, or because cash flow isn’t strong enough to make the leap without taking out a loan. Invoices with staggered payment schedules do not allow businesses to build up capital reserves. Accounts receivable factoring provided by New Century Financial accelerates cash flow so businesses can build up capital reserves and achieve growth faster. Discover how sustainable small business receivables management and financing may be the right solution for your business.
“I don’t want to get locked into a long-term contract.”
New Century Financial knows and understands what your business is going through and for that reason we don’t believe in long-term contracts. You can factor invoices as you need to.
“I just want to have more control over the factoring process.”
In addition to no long-term contracts, we give our clients the control and flexibility they demand. We let businesses choose which invoices – or even which parts of invoices – get factored. Our end goal is to reduce the hassle and stress in the business receivable factoring process.
“I wish I could know if my customers were reliable or not.”
New Century Financial provides you with the tools to check on the creditworthiness of your customers before you make any big decisions for your business. Start the process by applying now.
Do you have other questions about accounts receivable factoring?
If you have more questions about the advantages of accounts receivable factoring, contact the experts at New Century Financial today.
Whether you need an off-balance sheet solution to help your business during uneven revenue cycles, or maybe you need the funds without waiting for your customers to pay invoices, growth funds to take your business to the next level, or just turn unpaid invoices into cash within 24 hours, we’re here to help you in the process.
Take five minutes to read our “Entrepreneur’s Guide to Factoring” for more information and call us at 866-579-1483 or Apply Now to get started.