We all know that finance companies can use hard assets like real estate or equipment as collateral for a small business loan or business line of credit. But were you aware that you can leverage “soft” assets such as receivables to acquire financing for your business?
Many small business often find themselves in the predicament where they have already completed the job or shipped the product to their customers, but their customer will not pay them for weeks or even months after being invoiced. This can create a significant cash flow gap, especially in cases where you have already fronted the cost of the materials and paid your workers. With invoice factoring you can use your accounts receivable to get cash upfront whenever you send out an invoice without having to wait for your customer to pay you.
Why is Central Capital Group’s factoring program different from other programs?
JLAP Inc. dba Central Capital Group has an A+ rating with the Better Business Bureau
Registered California Finance Lender, license number: 60DBO-63358