Discover business capital that is tied up in your outstanding open accounts receivable invoices. Don’t become the financier of your customers, you delivered goods/services now it’s time to get paid. Don’t wait 30,45 or even 90 days to be paid, Get Cash Today!
Why is your CASH worth more TODAY than tomorrow?
CONGRATULATIONS!!! You just won the lottery! You begin planning how you are going to pay off debt, buy a new home, give money to the family, go on vacation, maybe give to a charity. The lottery gives you two payment options: Receive $1,000,000 now or $1,000,000 over the course of five years. What pay-out are you going to chose?
Most everyone is going to want their $1,000,000 up front. Why is it better to have the money now, rather than later? Any hard working business owner will tell you, waiting for the check to arrive adds unwanted stress to our business. We didn’t sign up to be the financial arm of our customers, while they use our money to make more money. Let’s look at the TIME VALUE OF MONEY!
What is the Time Value of Money
A $10 dollar bill is the same today as a $10 dollar bill five years from now. However, if you have $10 now you can begin earning interest on that $10. All of a sudden, your $10 is worth $11 five year from now. This might not seem like a big deal in the case of $10, but it is when you are a business dealing with thousands or hundreds of thousands of dollars — It is a VERY BIG DEAL!
It becomes an even a bigger deal when the $10 dollars you’re suppose to have today, ends up arriving 60 days after it’s suppose to, or worse off, never arrives at all! Liability plays a key roll in important business decision, especially when your money is involved.
So what can you do to ensure you’re being paid sooner for the job you’ve already delivered.
Many industries use invoicing as a method of payment for services rendered or products purchased. Payment can take as little as 30 days to receive or as long as 120 days. Someone in the trucking industry, for example, might receive payment in 30 days for their services or in 45 days if the customer is slow pay. In the case of the healthcare industry, healthcare professionals have to wait for both the insurance company to pay a percentage of the bill followed by the client to pay off the remaining balance. That is a lot of paperwork and a huge amount of time tied up in waiting for payment.
So what you can do is “unlock” the cash that’s being trapped within your outstanding accounts receivable invoices.
Visit https://factor.bid and we will show you how easy it is to unlock cash that is sitting in your open accounts receivable invoices. Simply upload your invoice, or snap a picture using our finance app called Factor App, and within minutes factor finance companies will be competing to buy your A/R Invoices for immediate cash. Isn’t it nice to have someone competing for your business for a change, while you are out competing for everyone else’s?
The best part about getting your business set up with a factor finance company (that buys your invoices and gets you paid within 24 hours) is the simple fact that you’re no longer going to be the bank. Let someone else finance your customers, so you can get your money upfront and use it to grow your own business faster.
If you’re making money, so is your factor finance partner. Factors want to see you grow your business faster and make more money. They’re ready and able with their years of experience and back office assistance to turn your small business into a thriving, competitive juggernaut within your industry.
Check out Factor bid to get a few offers from the top factor finance companies within your industry, and get paid as soon as today for your outstanding accounts receivable invoices (A/R Invoices)
Factor Financing in an App – Factor App – Download for your Smartphones