When it comes to creating a sustainable, profitable B2B company, there are few things as important as maintaining a reliable cash flow. No matter what industry you’re in, from manufacturing to enterprise-level technology solutions, it’s vital that you have access to working capital in order to make adjustments in today’s fast-paced market.
Have the opportunity for a big government contract? The last thing you want is to be forced into turning it down because you can’t afford the equipment or staff needed to complete it.
Experiencing high levels of growth? The last thing you want is to watch revenue passing you by because you can’t afford the additional square footage needed to keep up with demand.
Here at The Commercial Finance Group in Burbank, we’re on a mission to ensure that these cash flow problems don’t stand in the way of your company’s success. For over 40 years, we’ve specialized in alternative financial solutions specially tailored for B2B operations.
Through our receivables financing and other customized lending solutions, we’ve not only helped companies keep their doors open, but enabled them to take the next step in their journey toward success. We’re not a replacement for the banks, we just have unique cash flow solutions that can meet your financial needs more succinctly than the one-size-fits-all solutions that the bank has to offer.
When It Comes To Funding, B2B Companies Need Options
Commercial bank loans can be a great option for funding a new business or financing the expansion of said business. But there are many instances in which a bank will refuse financing to a B2B company because of circumstances that are outside the owner’s’ control. Still gun-shy from the recession, banks will sometimes drag a bank through a long, drawn out loan application process just to reject them in the end because of a lack of credit history or past tax problems.
We refuse to accept these reasons for forcing a B2B company to close its doors. That’s why we’re proud of the fact that our receivables financing has helped many companies overcome their cash flow problems, building a bridge to bankability that will serve them well for years to come.
Still skeptical? Keep reading for a list of compelling reasons that receivables financing is the alternative funding source of choice for B2B companies across America.
Reasons More B2B Companies Choose Receivables Financing
- You’ll Get Funding Faster – In the B2B industry, opportunities don’t always come with a six month warning. When that surprise client or project comes along, you have to be able to hit the ground running, you don’t have four weeks to wait while the bank decides if you’re worthy of funding or not. With receivables financing, you can start the process immediately online, and typically be connected with one of our small business lending experts within 24 hours. One the application for receivables financing is complete and approved, the money can be sitting in your bank account with 24 – 48 hours of submitting an approved invoice.
- You’ll Take On Zero Debt – Bank loans and lines of credit maybe the more traditional option, but they come with one big downside: debt. These financial products, much like Merchant Cash Advances and other financing options add debt to your balance sheet. Not to mention that you have to hope and pray that your cash flow problems repair themselves before it’s time to pay back the loan amount. With receivables financing, however, you’re not going into debt. You’re creating working capital using accounts receivable your business already has.
- You’ll Feel Less Stressed – One of the biggest compliments we’ve ever received from a client was just how worry-free and peaceful their life was once they had utilized our custom lending solutions. Being a B2B company owner has plenty of unavoidable headaches, but cash flow problems don’t have to be one of them. If you find yourself a little short for payroll or a utility bill, simply submit an accounts receivable invoice and receiving funding in a timely manner.
- You’ll Be In Control – When thinking about bank loans, “flexible” is rarely an adjective that springs to the forefront of most people’s minds. Loans are rigid, long-term arrangements. Miss a payment and you could be in a world of hurt. This isn’t the case with receivables financing. You choose how many invoices to submit and when to submit them. We are here to provide you with access to the working capital you need, not to lock you into a long-term situation that will harm your credit history.
- You’ll Pay Lower Fees – We’ve talked about the disadvantages of Merchant Cash Advance financing (and its heart-stopping fees) in a previous post, but allow us to reiterate: receivables financing will never cost you as much in fees as MCA. With The Commercial Finance Group, you’ll always receive competitive rates that create a mutually-beneficial situation for everyone involved. We want to be your long-term partner in financial success, not a predator who takes advantage of you in your most vulnerable moment.
- You’ll Have To Do Less Paperwork – When filling out the application for a bank loan, it can sometimes feel like you’re being turned inside out, with bank officials prying into your very private financial history. Receivables financing is different. Things like company financial standing, creditworthiness, years in business, or presence of collateral have no effect on our decision to work together.
- You’ll Decide How You Spend It – Did you know that the terms for most commercial loans issued by banks dictate exactly how you can and cannot use the funding once it’s delivered? If you’d rather be the sole decision maker about how your company spends its money, receivables financing is the right choice. Once delivered, the working capital generated by your invoices is yours to do with as you see fit.
- You’ll Extend Terms To Customers – “A factor can help you underwrite your new or existing clients’ ability to pay to help you avoid extending terms to high risk candidates. As you increase sales and add new or large clients, you can offer credit terms to them without worrying about how it affects cash flow. In short, cash management will be easier,” explains Capital Solutions.
- You’ll Get A Free Collections Team – Running a new B2B company means wearing a lot of hats. Many business owners wish they could hired a full-time employee to handle their accounts receivable, but they simply don’t have the funds to make it happen. However, when you work with The Commercial Finance Group to secure receivables financing, you’ll be able to pass the responsibility of filing, processing, and collecting payments on your invoices off to qualified professionals.
- You’ll Increase Your Bottom Line – Having access to ample working capital does more than just make it possible to pay your bills on time. Through receivables financing, you may also be able to take advantage of early payment discounts, negotiate bulk discounts from suppliers, increase inventory ahead of big projects, add staff for faster turnaround times, and buy real estate to support your long-term growth.
The Commercial Finance Group Is Your Source For Receivables Financing
Are you ready to see what a difference it can make when you choose account receivables financing over more traditional lending options? Contact The Commercial Finance Group today. With offices in Atlanta and Burbank, and financing partners all over the country, we can’t wait to help you achieve your goals with receivables financing. Call today!
