Real-time market for selling accounts receivable.
Equipment leasing & financing, business cash advances, working capital
Funding for companies that choose not to go to banks or vc's.
Working capital for companies in need of immediate cash flow.
Our clients rely on us to improve the cash flow of their companies.
Unique funding capability. We can offer you funding the others can't.
Loading . . .Aaron Patzer, CEO of Mint.com, discusses startup accounting and the financial history of Mint.com, which recently bought by Intuit for $170 million. Slides and video of Patzer's presentation are included.
If the bank won't lend you capital, how do you finance your business? We're assuming you don't have a rich Uncle Tony and don't have a winning lottery ticket in your pocket. Your choices after that are institutional lenders, private lenders, account receivables funding, or selling a part of your business. Finding capital can be tough, but here's how to find a few, and how to be professionally prepared to answer the tough questions a lender might ask.
How should you manage your cash properly? First, you better know how much you've got, where it is, and where it's coming from. If the information is in your accountants head, that's a start. If you need to improve your cash flow, you might look at accounts receivables funding or the judicious use of credit. Read our primer on understanding cash flow.
Account receivables factoring companies provide funding or payments due to you from your customers. You sell the debt to a factoring organization at a discount, the factoring company gives you cash and collects the full debt from the client when it's due. You get paid, your customer gets time.