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The Benefits of Accounts Receivables
Financing
Rapid and sustained growth combined
with under-capitalization is the leading cause of business failure.
Imagine what you could accomplish if you could turn your accounts
receivables into instant cash without taking on any additional debt
- expand product lines, increase sales, pay off past due trade debt,
fill back orders, take trade discounts. The benefits and uses of
cash flow in your business are unlimited.
1.
Continuous Source of Operating Capital
- Unlike other types of financing, A/R financing focuses on your
sales, not your assets. As sales increase, more working capital
becomes available to meet the demands of operating your business.
Accounts Receivable Financing provides a continuous, long-term source
of funds on a short-term basis.
2.
Early Payment Discounts - A/R financing can provide you the
funds necessary to pay suppliers early and receive discounts - typically
2 percent discount for net 10 days.
3.
Volume Discounts - With more working capital available, you
can buy in larger quantities and save money through supplier volume
discounts.
4.
Eliminate Early Payment Discounts for Customers - By receiving
A/R payments immediately, you can eliminate early payment discounts
to customers which cost you money.
5.
Improved Equity - When you use A/R financing, you don't have
to give away equity in exchange for venture capital.
6.
No Debt on Balance Sheet - Because A/R financing is not a loan,
no debt is incurred. Your balance sheets will improve, and make
it easier to obtain other types of financing.
7.
Better Credit - A/R financing allows you to pay taxes and bills
on time. By establishing a good credit rating, you may qualify for
better terms from suppliers and loans.
8.
Quick and Easy Funding - The A/R financing application process
typically takes less time and effort than other forms of financing.
No tax returns, personal financial statements, business plans or
projections are required. Plus, initial funding takes only a few
business days once the contracts have been received.
9.
The Ability to Focus on Company Growth - A/R financing frees
up valuable time and resources spent in collections, administration
and bookkeeping, so that you can focus on increasing sales and expanding
your company.
10.
No Geographical Limits - A/R financing can work from anywhere
in the country, and you can have customers nationally.
11.
Access to Financial Reports - Our A/R financing program provides
you with detailed financial reports that help them track customers'
invoices and payment history.
12.
Accounting Services - In addition to providing funds, MyReceivables
can function as your receivables department. By doing so, you will
save time and money, and keep full financial and managerial control
over the company.
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