Is your cash flow lumpy? That sounds like a personal question, but you know what we mean. Customers like to keep their own cash flow in the black and so you wait 30, 60 or even 90 days for them to pay their bills.
Money in the mail doesn’t pay your rent. Late fees can add up quickly. Your critical suppliers want to get paid. And even if you have the option to carry a credit card balance, not being able to pay that down can feel like a slow death. So you juggle an already busy schedule to call, email, prod, wheedle and squeak – knowing that sometimes the squeaky wheel gets the cash, as well as the grease – taking time away from making money to collect what you’re owed.
There’s an easier, and more economical way. TBS Capital Funding advances cash against customer invoices and pays up to 90 percent same day, for about what most businesses pay for a credit card processing fee. TBS will either buy your invoices outright, and take on the credit risk, or let you take the risk, in exchange for a lower fee.
It’s called factoring, and it’s the debt-free way to take your business farther today.