From entrepreneurs to growing companies the song is the same.
  Where do I get capital to grow my business?  Angel investors, venture capital..
...
Do you really think so?  If this is your course of action then buckle your seat belt because you are in for a long tedious and emotional ride, mostly to nowhere.
  This is where many lessons are learned about what it really takes to get up and running or to expand.
  Most investors want a portion of your company, something you have put your heart and soul into, are you ready to give that up?  I don't think so.
  Of course your first course of action was the bank and we know the results of that effort.
  At this point let's introduce Receivable Financing or better known as "Invoice Factoring" Invoice factoring is a financial tool that has been gaining popularity in the past few years.
  It has many benefits, especially for small and mid size businesses.
  As opposed to loans, invoice factoring: *Can be used by start ups *Is easy to qualify for *Does not (usually) require that you provide audited financials *Does not rely on the credit of the business owner *Can provide a flexible line of financing, based on your sales *No new debt to your business *You can have an account set up in 6 to 10 business days One of the toughest challenges for business owners is having to wait 30 to 90 days for their customer to pay their invoices.
  This can be a particular problem if the business is growing significantly and adding new customers every day.
  Before you know it, the business has a lot of money tied up in "Accounts Receiveable" (unpaid invoices) but little cash in the bank to fuel additional growth.
Whether your company offers a service such as staffing companies, service, repair, if you are growing you need to add to your staff, hard to do when you are waiting for your invoices to get paid.
  If you sell products and your business is growing naturally you want to sell to the big boys, the Home Depot's and WalMart's but, and this is a big BUT.
  These large retailers dictate to you when you get paid and that can be a very large hit on your cash flow.
  How do you supply these giants without the cash you need to ramp up to take on their business.
  This can be solved with invoice factoring.
Invoice Factoring enables you to turn your slow paying invoices (from good customers) into immediate cash.
  An invoice is a promise to pay from a customer.
  And a factoring company specializes in purchasing this type of debt.
  The factor, purchases your invoices providing you with advance funds immediately.
  They wait to be paid, while you get to use the immediate funds to grow your business.
To qualify for factoring you must: *Be a commercial business selling to other commercial businesses *Have a profit - or plan to have one soon *Have profit margins (or plan to have them) of 20% or more *Invoice Factoring is a great way to take on larger clients and grow your business expediently.
How does invoice factoring work? Factoring invoices is very simple and helps you get reliable and stable cash flow.
  It can be easily integrated to your business and works as follows: *You deliver your product/service to your client *You send an invoice to your client and send a copy to us (the factoring company) *We advance you up to 90% (the remaining 10% is used as a reserve) *You get immediate use of the money to pay suppliers, taxes and employees *We wait to get paid by your customer *Once we get paid, we rebate the 10% reserve (less a small fee) And back to our headline:  Your credit does not matter, it's your customers credit that matters.
  See if you qualify.
 Note: One more very important qualifier for people looking to opt in for factoring service.
"BE HONEST" .
A lot of decisions in this industry are based on character, the character of the business owner.
We do background checks on all clients.
Since we are giving in some cases hundreds of thousands of dollars we need to know by law (The Patriot Act) that the money is not connected to someone with a suspect background.
Now your saying oh jeez I had a bankruptcy, I was in jail for a year they will never approve me.
AHHH, not so quick.
Lets get back to character, if you tell us up front about your past so we have no surprises when we do our background check and we are satisfied with what we find then you may very well be approved.
Why? mostly because your clients are paying us not you.
So, please be aware that yes there are background checks, but we will still work with you.