Account Receivable Financing
Account receivable financing provides you with the much-needed funds to fill the gaps in your cash flow. Contact J&D Financial at 1.305.893.0300 to check your financing eligibility.
Customers are the lifeline of any business, which is why building and maintaining good relations with them is critical. Over time, businesses grow their client base, and a good number of these clients become VIP customers.
Generally, VIP customers are those who:
- Order in bulk
- You supply with goods or materials on a regular basis
- You provide services for on a regular basis
- Have excellent payment history
- Never rescinded on a contract or signed agreement
Because of their outstanding payment history, VIP customers are usually given longer payment terms or a larger credit line.
Cash Flow Issues
No business is immune to cash flow problems. Every now and then, businesses find that they are short on operating budget. If you are experiencing cash flow issues at the moment, and payment from your VIP customers is not due for another 60 or 90 days, you may want to consider account receivable financing.
With accounts receivable financing through J&D Financial, you:
- Get the funds that you need to tide you over
- Won’t have to resort to taking out a loan from banks or other traditional loan providers
- Get advanced payment on goods or services rendered, which means you are not taking out a loan at all
- Do not have to worry about collecting payments from your customers
Furthermore, you won’t have to shorten your VIP customers’ payment terms or lower down their credit line. And this ultimately means you can maintain the mutually-beneficial relationship you already have with your customers. If you consider it, it’s actually a win-win situation.
And with the accounts receivables coming from your reliable, financially-capable VIP clients, the possibility of your financing application being approved is high. Once you get approved and receive your funds, you can continue to run your operations smoothly.
Account receivable financing can also be utilized for the following:
- Pay suppliers
- Purchase new equipment
Accounts receivable financing may also refer to account receivable factoring or invoice factoring.
If you require further information regarding invoice factoring, or if you have questions regarding our application process, we encourage you to contact us at your convenience. You may reach us at 1.305.893.0300. We also invite you to check out our FAQ page to learn more about accounts receivable financing. We look forward to hearing from you!