Business Loan Financing - New Jersey Companies
Are you looking to finance a company located in the state of New Jersey? Haven’t been able to obtain a small business loan? Using a business loan to grow your business has a number of advantages but can also be challenging. For example, many small business loans are:
- Hard to apply for - requiring a lot of past information
- Difficult to get quickly
- Best suited to purchase capital goods
However, invoice financing, a business financing tool, can be used to finance a company and has a number of advantages:
- Relatively easy to get
- Can be set up quickly
- Well suited to cover business operational expenses
- Dynamic
Please read our qualification criteria to see if we can help you. We can work with companies based in New Jersey and have clients in the USA and in Canada
Qualification criteria:
- We can only finance companies/businesses
- The company must be in operation. We are happy to work with startups.
- Your company have commercial/government clients (we can’t finance retail)
- You must use the working capital to pay suppliers, employees or company expenses
Can’t wait 30 to 60 days to get paid by clients?
One of the challenges of doing business with commercial or government clients is that they always take up to 60 days to pay their invoices. Although established companies can usually afford to wait that long - many can’t. Most small and medium sized companies have extensive obligations - they must pay employees, rent and cover other expenses. As a matter of fact, most business owners would not be looking for a small business loan if their customers paid their invoices quickly.
Our solution - Invoice financing:
We can provide you with an advance on your slow paying receivables and eliminate the 60 day payment wait. This reduces or eliminates working capital problems, improves cash flow and helps you pay:
- Suppliers
- Employees
- Rent and other expenses
The biggest advantage of financing your invoices is that it provides predictable cash flow and puts your company on a better financial position. Also, 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.
Would you like an instant invoice financing quote?
Would you like an invoice financing quote? Please fill out this form for an instant quotation.
How does invoice financing work?
The mechanics of the invoice financing process are fairly simple:
- After completing your work, you invoice your client and send us a copy of the invoice
- Your company gets an immediate 80% advance on the invoice. Note this varies by industry.
- Once your client pays for the invoice, you get a second advance of 20%, less the financing fee.
Industries that can be financed in New Jersey:
Invoice financing is very flexible and can be used in a number of industries. Some industries that benefit from these services include:
- Business Services
- Product Manufacturing
- Staffing Services
- Security Agencies
- Freight Transportation
- Consulting Services
- Distributors and Resellers
- Oil and Gas
Additional resources - New Jersey businesses
We have a comprehensive business financing library about invoice financing. Here are some sample articles:
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