Immediate Cash with Accounts Receivable Financing

Accounts receivable financing is a novel way of getting money to your business even if you do not have a lot of capital on hand to put towards a traditional loan. In order to qualify for this type of financing from Harbour View Capital, your business must sell products with payments that come due within 90 days of shipping. Financing receivables means that your business is granted a loan based on future payments you plan to receive so that the money can be repaid as it comes in to your accounts receivable department.

Qualifying for Accounts Receivable Financing 

In order to qualify for this type of financing, your business must have several outstanding invoices that come due between 30 and 90 days of the loan being issued. Your business trades these outstanding invoices for immediate cash, and as the money from the invoices comes in it goes directly to the repayment of the loan.

Benefits of Financing Receivables

The main benefit of financing receivables is that it allows you to trade a promise of future payments for immediate cash that you can use for any expense. In addition, the responsibility for collecting outstanding invoices falls on the lender rather than on your business. 

If you are interested in this unique way of raising immediate capital, contact one of the lenders at Harbour View Capital today.