Free up Your Capital with Financing Receivables

by Kevin Smith Author

For a small or medium-sized business that is just getting started, frustration can be felt almost immediately when there isn’t enough working capital to pay employees, bills and of course see a profit. If there is business capital sitting in unpaid debts, free it up with financing receivables in Atlanta.

What Is Financing Receivables?

Financing receivables utilizes unpaid invoices from customers and other debts as a financing arrangement. This allows business debts to work for you. Simply send invoices to current customers and also to the financial institution and receive a percentage of the total invoice that was sent. The financial institution will collect on the unpaid invoices and when the customer pays the invoice, the payment is credited toward the current financing receivables balance.

Why Is This Beneficial?

Freeing up working capital and using financing receivables is a great benefit to small or medium-sized business because there is no waiting 30 days or more to receive payment from your customers and clients. Money is received almost immediately with financing receivables. By doing this, there is more money in your pocket and profits appear faster. Additionally, since financing receivables aren’t considered a loan, this information will not show up on credit reports or as an additional expense on expense reports.

Customer Support and Additional Services Offered

There are enough problems and issues that can arise as a small or medium-sized business. There is no need to worry about contacting financial institutions when using financing receivables in Atlanta because access to customer service representatives during regular business hours is standard. Additionally, there is also 24/7 online access for any questions that may arise. Export financing allows businesses to grow globally by exporting goods and products while having business capital free. Even if transporting goods over the road with a fleet of tractor-trailer trucks, receive discounts on insurance, pay employees, and be able to pay the cost of fuel by using fuel cards.

Simple Process and Solution

Getting started with financing receivables in Atlanta is a simple process that begins with an online application. Once everything has been set up, invoices can be submitted online and funds received within 12 hours of being submitted. No more waiting 30, 60, or even 90 days to get paid. And, if there are clients that don’t pay, the collection process is started immediately leaving one less thing to worry about when running a small business.

Summary: Dedicated customer support, 24/7 online availability, submit invoices online and get funded in 24 hours, financing receivables in Atlanta is a great option for positive cash flow quickly.