Get ready to Grow with Accounts Receivable Financing
Select Capital works with a program where the company can choose what invoice they would like to be paid early on and which ones they would like to keep. This is used for customers that may have very long billing cycles on very large order quantities. Rather than waiting for 30,60,90 or even 120 days from invoice, our client will be paid up to 95% once the product has shipped. This strategy is good for large ticket items with total value of a single order over $250,000 so multi truckload quantities usually. Industries are manufacturing, distribution, metals, RV, mobile homes to end customers such as government, big box stores, large corporations and dealers potentially.
Requirements:
- Credit worthy end user and decent credit customer
- Min invoice of $250,000
- Rates are 1.5% per month and up
- Payment to our customer at least 90% once shipped
- Computer needed with very reasonable time requirements
All companies need working capital to get business done. If your company has customers or clients who pay later, accounts receivable financing may be a great option for you. Select Capital is experienced with financing receivables for businesses like yours. Let us put our expertise to work for you.
What is Accounts Receivable Financing?
Accounts receivable financing is a way to boost cash flow by converting unpaid customer receivables into cash quickly. This gives businesses faster access to revenue instead of waiting on customer payments. Accounts receivable financing from Select Capital includes:
- Fast turnaround on submitted invoices (within 24 hours)
- No upper limits
- Free credit insurance on qualifying accounts
- No fixed payments
How Do Businesses Use Accounts Receivable Financing?
Accounts receivable financing alleviates cash flow problems. There’s no more waiting for your money to arrive. Also, companies with less-than-stellar credit can qualify, as we look at the credit ratings of your customers. You can use the money for any business expense, such as:
- Make payroll
- Expand inventory
- Purchase equipment
- Launch a new product line
- Renovate the office
Are you ready to take your company to the next level? Reach out to Select Capital via email or phone and talk to one of our business financing experts. The future is looking bright.