California - Business Financing Alternatives
Are you looking to finance a business located in California? Haven’t been able to obtain a small business loan? Most company owners think that a business loan is the only business financing option that they have. Although small business loans have some advantages, they are also:
- Hard to obtain
- Difficult to get quickly
- Best suited to purchase capital goods
However, there are alternatives that can work very well with certain businesses. Note that we don’t offer small business loans - but rather specialize in an alternative form of business financing. We offer a business financing alternative to companies that are based in California and have customers in the US or Canada.
Pre qualification Criteria:
- We can only work with established companies
- You must have commercial or government clients (no exceptions)
- You must use the working capital to pay suppliers, employees or company expenses
Do your customers pay your invoices in 30 to 70 days? Is that a problem?
One of the bigger challenges of doing business with commercial or government customers is that they always pay their invoices 30 to 70 days after receiving them. Although more established firms can usually afford to wait - many small and medium sized companies can’t afford to wait. They must pay employees, rent and cover other expenses. Most owners would not be looking for a small business loan if their customers paid quickly.
We can finance your open accounts receivable:
We can eliminate the payment wait and provide you an advance on your slow paying receivables. This can provide you with the capital to pay current company expenses and to pursue new opportunities. The process works like this:
- After completing your work, you invoice your client
- You send a copy of the invoice for financing
- Your company gets an immediate 80% advance
- Once your client pays for the invoice, you get a second advance of 20%, less the financing fee.
Financing your receivables has many benefits:
Financing accounts receivables can help companies improve their cash flow by providing capital to pay:
- Suppliers
- Employees
- Rent and other expenses
However, the biggest advantage of financing your receivables is that it eliminates the uncertainty of waiting to get paid. It provides predictable cash flow and places companies on a better financial position. Also, as opposed to other forms of financing, we consider your clients to be your biggest asset. That means that companies with a solid roster of credit worthy clients can thrive with invoice financing.
Most companies that have commercial sales can qualify for this type of financing, provided their clients have good credit, their invoicing practices are good and they are free of liens and encumbrances.
Industries we finance in California
Invoice financing is very flexible and can be used in a number of industries. Some industries that benefit from these services include:
- Business Services
- Manufacturing
- Staffing
- Security
- Freight Transportation
- Consulting
- Distributors and Resellers
- Oil and Gas
Would you like an invoice financing quote?
Would you like an invoice financing quote? Please fill out this form for an instant quotation.
Additional information for California Companies
We have assembled a small business financing library with articles about invoice financing. Some articles include:
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