In this era of Internet commerce, electronic deposits and remote deposit capture, customers expect businesses to fill their orders yesterday. So why should businesses wait 30 days, or more, to get paid?
Business is good, but with all your money either tied up in inventory or awaiting customer payment, you may find yourself with a cash gap. It’s probably not a big gap. Most small businesses could make do with $50,000, or less. But it’s big enough to lose sleep over, especially with payroll, or a tax deadline looming.
A loan that size is hardly worth a banker’s time. It costs as much for them to fund $1 million as it does to process a $50,000 loan. There’s paperwork – bank statements, tax returns, appraisals, and credit reports. And then you have to wait for approval and closing – not exactly the quick turnaround you were hoping for.
And you can’t exactly put payroll on your credit card.
In a pinch, you could sell the office furniture on Craig’s List and try to convince your staff that deskless workstations are trendy.
Or, you could sell your invoices . . .
Large manufacturers and fast-growing companies have been doing it for years – trading customer promises to pay in the future, for the cash they need to keep the business running today.
TBS Capital Funding does the same thing for small business. No invoice is too large or too small from your creditworthy customers. No muss. No fuss. No lengthy paperwork. And because it’s a sale and not a loan, you’re not taking on any monthly payments or paying interest over time.
Liquidity without debt – all business; no bull. Get started today.