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Wouldn´t it be nice to receive payment the very next day after you place an invoice in the mail to your customers? Accounts Receivable or Invoice Financing is a trusted and effective method of financing short-term cash flow. Invoice financing is a solution used by many Fortune 500 companies that offers many advantages while allowing business owners to focus on operating and building their client base.
Invoice financing is not debt, thereby strengthening your balance sheet. Additionally, invoice financing does not require pledging any other business assets as collateral.
As opposed to banks, the financial requirements for the business owner are more flexible. This method does not require the lengthy process, personal credit score, or business history that most businesses have to go through to receive a line of credit. In fact, we look at your customers´ credit (not yours) and can pay you the majority of what's owed to you (by your customers) within as little as a few days if not sooner (usually 24-hours after your customer has been approved).
Generally, funding begins in a week or less after the application process begins. You choose which invoices you would like to have advance payment (once your account is set up, you usually receive payment within 24-hours of submitting an invoice for payment).
The payment you initially receive is 70 - 90% of your invoice which is dependent on the credit quality of your customer as well as the terms of payment of that invoice. When the payment is received from your customer, the remaining percentage of the invoice that was initially withheld will be electronically transferred to your bank account (minus interest and fees).
Invoice financing is simple, easy, and effective. Now you have the cash to grow your business instead of waiting for your customer to pay you. Be sure to Contact Atlantic Edge Credit today for more information on our installment financing programs.