Invoice factoring can help grow your company’s cash flow instantaneously by selling your accounts receivables at a nominal discount. This gives you the money you need right now typically by the next day. The funds you obtain from invoice factoring can provide your business with additional working capital, increase profitability by allowing you to focus on more sales, and create a more efficient business model by saving you time previously spent on following up on unpaid invoices.

Progressive Capital has helped many small businesses utilizing the common practice of invoice factoring. Why does it make sense? Because taking in money is one of the hardest things for businesses. Not only do you have a gap in time in getting the money owed by your customer (sometimes 30-90 days for some businesses), but you may also have customers who don’t pay you within the required time period and potentially default on what they owe you. You will end up spending a lot of time and energy chasing those debts and unpaid invoices.

Cash flow is crucial for any business. The certainty of getting 90% of your invoice amount now versus the uncertain 100% in three months’ time, plus having to put in your own money as working capital for your business during that gap in time, could be the difference maker between a healthy and growing successful business compared to a business close to becoming insolvent if enough people don’t pay their invoices on time. Letting another company take on that liability can be extremely beneficial to your business.

Invoice factoring is one of several alternative financing solutions that Progressive Capital offers to many businesses in various industries. Let Progressive Capital help you get the financing you need at the terms that work for you, so that your business can focus on sustaining profits and maximizing growth in order to reach new levels of success.