Accounts Receivable Financing for Your Small Business
When you have cash flow problems that are not your fault, you need a financial partner who can help you access your money. That’s why Gateway Commercial Capital has a team dedicated to helping your company with accounts receivable financing. Originally called factoring, this kind of cash advance involves no risk to you and gets you your money fast.
How Financing Receivables Will Work
When you call to apply for a new advance, our associates review your outstanding accounts and your customers’ payment histories. That allows them to calculate the maximum amount that can be made available as an advance. Usually it is somewhere above seventy percent of the total outstanding accounts.
After the cash is dispersed, our team takes over collecting and processing payments. They deduct our fees and the original advance before passing the rest on to you.
Benefits of Accounts Receivable Factoring
- No risk to you and no recourse if customers don’t pay
- Get access to your money when you need it
- Maintain a more consistent business cycle
- Maintain an excellent credit rating
- Avoid business slowdowns
- Reuse this financing whenever you have accounts outstanding
For more information about factoring and how it works, contact us today. A Gateway Commercial Capital associate will be able to help you with all of your questions or with an application.