Accounts Receivable Financing (Factoring)
All businesses face cash flow challenges at some point. Cash flow can be particularly challenging during growth phases because you typically need to reinvest profits into the business in the form of capital expenditures in order of support the growth. When you’ve got orders to fill and bills to pay, you need a quick and reliable funding option. swellFi’s accounts receivable financing can provide the money you need to keep your business moving.
The Basics of Accounts Receivable Financing
Financing receivables (invoices to your customers) allows you to convert them into cash sooner. Normally, you’d have to wait 30 to 90 days or more for customers’ payments. By selling them to us at a discount, you can receive your funds within 24 hours. After purchasing your unpaid invoices, we collect payment from your clients. Receivables financing is fast and flexible, offering many useful advantages:
- Free credit insurance for qualifying accounts
- No fixed payments required
- No personal guarantees or recourse
- More funding available as sales grow
This funding can get you through short-term cash flow crunches and it helps to smooth our your cash flow so you can pay your vendors and employees regularly. In fact, you may be able to negotiate a discount from your vendors if you pay within 10 days which may completely cover the cost of accounts receivable financing. No matter what your business requires, receivables financing can provide the money to meet those needs
Smart Financial Solutions
swellFi offers accounts receivable financing plus long-term funding solutions – commercial real estate loans, equipment financing, small business loans and much more. Talk to our commercial finance consultants to learn more or apply today.