We do not do payday loans or cash checks. We get calls like this from consumers. However for small businesses who do not have payroll checks but do have accounts receivables that are business to business receivables read this:
As another service to our small business customers we can arrange Accounts Receivable Financing. The secret is out....many small businesses are using A/R financing because they understand that the cost of not using A/R financing is great because OPPORTUNITY COST is being lost by you the business owner. I've seen this over and over-where business owners fail to restructure financing that can lead to more cash that can be used to make your business MONEY! CFOs of small businesses are using A/R financing on a monthly basis. Why? They know the consequences of not using it are great.
You can always look at the cost of money as your decision process but it should NEVER be the only part of your analysis. You should take a look at how spending money can make you money.
Ask yourself-what process or activity that cost money made me the most money? Was it an ad? Was it purchasing a lead? Was it buying a piece of equipment?
List of Docs Needed:
Year End Statement or Federal Income Tax Return
Most Recent Monthly or quarterly Statements
Accounts Receivable and Accounts Payable Aging
List of Accounts You want to finance(include name address, phone contact of each company)
To finance against government contracts provide the contract
Last (4) 941 quarterly statements with proof of payment
A personal financial statement for each Principal Owner.
Federal and State Tax ID number
Credit References
I will add another blog on examples of financing to help you better understand this.
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