Accounts Receivable Financing
Accounts receivable (A/R) are amounts owed by business customers for goods and services a company has completed for those customers on credit. When a company delivers a product or service, in many instances, their customers do not pay immediately. Instead, they most likely agreed on terms, such as a 30 or 60 day period, before they’re required to pay the invoice. The longer the company must wait to be paid, the tight their cash flow becomes and the more difficult it is to fund critical business expenses. Accounts Receivable Financing eliminates the stress of waiting for invoices to be paid and instead provides capital when work is completed.
What is Accounts Receivable Financing?
Any business, from start-up to established, will suffer if there is insufficient cash-flow. It will cripple your operations and growth capabilities. Many businesses often do not consider their company’s accounts receivable for what they are, an asset!
ClearCoast Capital can turn your accounts receivable assets into working capital. This eliminates the concern of making payroll, paying vendors/suppliers, and securing growth capital. Your only focus should be producing a product or performing a service, not having to chase clients to meet everyday expenses. ClearCoast can use your outstanding invoices as collateral to turn your Accounts Receivable into the working capital required for your company to grow and cover the cost of business operations.
How does Accounts Receivable Financing work?
Once you generate an invoice, ClearCoast goes to work for you. We begin by verifying the submitted invoice and advancing up to 90% of the total invoice amount. We are most concerned with the credit quality of your client, the account debtor, and not your personal or business credit scores. Working capital will arrive in your bank account within 24 hours of submitting an invoice. Once your client has sent payment for the invoice, ClearCoast will keep a small financing fee and remit the remaining balance back to you. Your business can repeat this process as often as you can generate an invoice
Why does my business need Accounts Receivable Financing?
Lack of adequate cash-flow can hurt any size business operation. Your first priority should be running your business, not chasing outstanding invoices to cover expenses, like making payroll. Accounts Receivable Financing can use your assets to support and grow your company at a faster rate with greater access to working capital
Allow ClearCoast to convert your accounts receivable into a working line of credit. This will provide greater cash flow to allow you to stay focused on operating and growing your business.
Fast Funding for Your Business!
Benefits of Accounts Receivable Financing
- Same day approval, with initial funding in 2-5 days
- Working capital is sent within 24 hours of submitting an invoice
- No maximums for monthly receivables
- No debt is added to your balance sheet
- Years in business is not a factor
- Assigned account team for your company
- Deal directly with decision makers
- No equity required, keep 100% ownership of your business
- Save time and money with a third party handling day-to-day accounts receivable