Accounts Receivable Financing

Grow Your Company with the Right Financing

Accounts Receivable FinancingWhen you are looking to grow your company but short on cash because you are waiting for payment on your existing accounts receivable, Amplus Funding has the answers to help you get the money you need right now. Accounts receivable financing (also called Factoring) allows you to borrow against current outstanding accounts. Waiting 30 to 90 days for payment to come in after selling your products or services can significantly hamper your cash flow, making it difficult to meet future orders and find the cash to meet day-to-day business obligations.

In addition to helping companies that are looking to smooth out cash flow, financing receivables with Amplus Funding can help with companies that are going through tough financial times—startups, companies in bankruptcy, and companies that are losing money. Since this type of loan is based on customers’ credit, and not yours, it can be a great solution when you are unable to get more traditional loans.

There are many benefits to financing receivables. You are selling an asset that your business already owns—your outstanding accounts receivable—so you don’t have to incur additional debt. Amplus Funding works like an extension of your AR department, checking your customers’ credit and notify you of potential risks, sending you detailed statements, and assuming all the risks if your customers fail to pay.

Some other benefits include:

  • Quick turnaround, with money available in 24 hours
  • Financing for a variety of businesses
  • No need for personal guarantees, and no risk if the accounts fail to pay
  • No-cost credit insurance on all of your clients
  • No fixed monthly payments
  • Unlimited funding based on current receivables
  • Flexibility and speed that traditional bank loans cannot offer

You can use the extra cash from your accounts receivable to save money on bulk purchases from suppliers, take on larger order that require supplies and spending up front, meet payroll and other operating obligations, meet seasonal demand, take on new clients, and even grow your business.

To get a quick no-cost analysis of how accounts receivable financing can help your business, call Amplus Funding today.