How to grow your money without a loan?
The magic word is account receivable factoring also known as invoice factoring. It is not a loan and has zero interest. I had previous put numerous blogs discussing and defining invoice factoring.
But how can invoice factoring actually help you to grow your business? Does it really worth to pay for the discount fee, even if it’s usually about 3% only?
For those that have not read my previous blogs, let me refresh your memory in the following example and then I’ll tell you why it does worth paying for the small 3% discount fee.
Total amount in account receivable – $100.00 Total advance rate – 80% = Total factor advance (amount payable to you within 2 to 3 days) - $80.00 Reserve – $100.00 minus $80.00 factor advance = $20.00 Discount Fee – 3% of total account receivable – $3.00 Remaining giving to you once we received payment for your client – Reserve minus ($100.00 x 3%) = $17.00
So why should I, as a business owner, considering selling my account receivable and why should I learn more about how it can help me in terms of growing a better and more successful business?
Studies have shown that the faster a business recycle the cash and put it back into your business, the faster you can generate more cash flow which lead to growing of the company. This concept is exactly like the stock market. The faster you put money you earn back into the stock market, the more money you’ll get.
The only different is that the stock market can’t guaranteed when you can have extra money to put it back in the stock market; whereas with account receivable, we can guaranteed that you can have the money in as little as 2 to 3 days and recycle those money and put it back into your business.
Summary:
Account Receivable is not only use by small companies, companies that are struggling, but also large corporate firms as well. Large successful firm been utilizing account receivable factoring to release cash that are tied up in their sales invoices, you too can also unlock your capital and use those fund to grow your business and move forward.
Key point is – cash flow is the PRIMARY FACTOR of successful business.
Aside from poor management, and lack of planning, insufficient working capital is one of the key reason why business fail according to SBA. Therefore this is the best kept secret to help small and struggling companies to stop worrying about their cash flow, allowing them to handle bigger order with confident and of course to also to help big and well established companies to expand and take it to the next level.
Quick Facts
Fact-factoring is not a loan Fact-factoring is not a debt Fact-factoring does not require perfect credit Fact-pay as little as 2-3 days
Fact-discount fee is usually far lower than a traditional bank loan
Fact-the application process is simple and usually take about 7-10 days
The primary goal of this program is to increase the amount you can be funded, increase your profit, and increase the value of your business. And it is the only business success system that results in a lifetime of funding and credit that will insure your businesses success.
The first step is to take a assessment so we can measures the financial health of your business and immediately identify all your available funding availability. The result can also allow us to help you to achieve your maximum working capital.
Member Benefit:
Weekly online training on various business topics
Building a asset for your business
Personal and Business Fundability
Learning how to build and develop Funding Strategies
Developing strategy for business Profit and Growth
Access to a nationwide network of Business Credit Asset Advisors and Business Funding Advisors – assuring that you always have the support and expertise to insure your business is fundable
Access to the largest database of trade vendors who extend credit terms to businesses and who report regularly to the business credit agencies
Full data integration of Experian Business Credit monitoring
Our Smart Lending Application System™ - reducing your time and effort wasted applying for trade credit and loans
The most obvious one of course is to pay off your debts for this will make immediate significant changes to your business credit score.
Monitor your credit score online in site such as www.tcmomitor.com and check if there’s any fraud.
Making payment on time, paying 2 weeks before due date will significantly increase your score.
Do not close any account that has positive credit history. More importantly, if you close an account, this is also means lowering your available credit and affecting your credit score.
Ask if your vendors report your good payment history to credit report agencies (Dun & Bradstreet, Equifax and Experian)
Use no more than 20 to 30% of your credit line at any given time.
Apply for a business score (use it wisely, follow rule #6)
Separate personal from business, you need to build business credit using the company’s name.
Call or Email us if you need information about credit building or credit repair ($699)
Vehicle Wrap is a form of advertisement that involves partially or completely covering a vehicle and turning it into a mobile advertising billboard. Most of these are done by adhering vinyle sheets on the vehicle; a process in which a design or photograph is printed onto special pressure-sensitive vinyl then pressed and applied onto the surface of the vehicle. In essence, it’s really similar to a sticker, just in a bigger scale. These form of advertisement can be done on bus, cars, trailers, trucks, even boat and plane.
So what are the benefit of vehicle wraps, does it worth for you to spend the money?
Wrap advertising can be as low $0.48/1000 impression. While, there is only a one time investment for car wraps; however, there are monthly payment associated with your phone book listings, radio ads, TV ads, billboard, etc… What so great about vehicle wraps is that your new mobile billboard (car wrap) will be advertising for your company everywhere it goes. Why don’t you ask yourself this question. How often do you spot and look at truck or a van simply because it has a colorful and attractive design on it. The answer is “all the time”. So do you think you can also create the same impact on others if you were to wrap your car? The answer is Yes again.
Here we can provide you with a even better deal – financial solution. We offer financing for vehicle wraps.
Customers: We have fund your vehicle wraps, so you do have to settle for partial wraps or wrap only one of your car. You now have the power to purchase full wraps for all your vehicles.
Vendors: You can now sell more full wraps to your customers instead of partial wraps.
Call or email us today and find out how we can help you to sell more or to wrap more vehicles.
626 606 1129, info@businessandfunding.com
Cprofit Los Angeles California - business financing and loans We are a los angeles based commercial lender (cprofit los angeles), specialized in unsecured loan, invoice factoring, medical factoring, purchase order finance, inventory finance. Other ...
The primary goal of this program is to increase the amount you can be funded, increase your profit, and increase the value of your business. And it is the only business success system that results in a lifetime of funding and credit that will insure your businesses success.
Vehicle Wrap is a form of advertisement that involves partially or completely covering a vehicle and turning it into a mobile advertising billboard. Most of these are done by adhering vinyle sheets on the vehicle; a process in which a design or photograph is printed onto special pressure-sensitive vinyl then pressed and applied onto the surface of the vehicle. In essence, it’s really similar to a sticker, just in a bigger scale. These form of advertisement can be done on bus, cars, trailers, trucks, even boat and plane.
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