Accounts Receivable Financing is the selling of a business receivable(s) to a third party (Contractors Capital Solutions, LLC.) to receive immediate working capital.
How will Accounts Receivable Financing help me?
If you are waiting 30, 60 or even 90 days to get paid by a customer, we can help! By giving you the working capital you need (anywhere from 65%-80% of the amount of your original invoice) you’ll be able to meet cash flow and continue to grow your business. We wait until we get paid by your customer and then we pay you the remainder of your invoice with our fee deducted. Benefits for you:•You don’t wait to get paid by the customer, we do the waiting for you.•You get working capital fast, which allows you to pay your suppliers, vendors and labor.•By getting paid sooner, you are able to collect early pay discounts from your suppliers and vendors.•We do the invoice follow up with your customer for you, you stay focused on your business.
My credit score is bad, I don’t know if I’ll be eligible to
receive Accounts Receivable Financing.
Even if you have very little, no credit, or bad credit, we can help. We are able to help by determining the credit worthiness of your customer instead of your company. Since we will be getting paid by your customer after we give you the 65-80% advance, if you have credit worthy customers, you’ll be eligible for the working capital you need.
How does Accounts Receivable Financing work?
Simply submit an application to us, you send your invoice to your customer and a copy of it to us. We purchase the invoice and give you 65% - 80% of the amount of the invoice immediately. We’ll wait for your customer to pay us. Once we receive payment from your customer, we disburse the remainder of the capital to you less our fee.