Accounts Receivable Financing
What is it?
Whether you are an established business or just getting started, insufficient cash flow can cripple your operations and growth capabilities. Traditional institutions often do not view your companies Accounts Receivable for what they are, an asset! SouthStar Capital does not see through the eyes of traditional lending institutions. SouthStar Capital turns your Accounts Receivable into working capital so there is never a concern about making payroll, paying vendors/suppliers and securing growth capital. Your only concern should be producing a product or performing a service, not chasing clients to meet everyday expenses. SouthStar can turn your Accounts Receivable into a Line of Credit using your invoices as collateral.
How does it work?
Once you generate an invoice, SouthStar goes to work for you. SouthStar begins by verifying the submitted invoice(s) and advancing a percentage on the total value of the invoice(s). SouthStar is concerned with the credit quality of your clients (account debtors) and not your personal or business credit scores. Working capital will arrive in your bank account within 24 hours. Once your client has sent payment for the invoice(s), SouthStar will charge a financing fee and remit the balance back to you. SouthStar can repeat this process as often as you can generate an invoice. Contact us to discuss how a working capital line of credit, based on your accounts receivables, can propel your business to the next level.
Imagine
- Initial funding in 3 to 5 days
- Once your invoice is received, working capital is sent within 24 hours
- A factoring transaction is not shown as a liability on your Balance Sheet
- One page application
- You choose how you would like to be paid (wire, ACH or check)
- Challenged personal and business credit is a non-issue
- The ability to save time and money by allowing a third party to handle day to day accounts receivable
- The ability to concentrate on managing your business and not having to worry about collections
Contact SouthStar Capital today to discuss how Accounts Receivable Financing can assist your company or fill out our Application to get started!
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