A Popular Solution for Financing Startup Needs
Getting financing for startups isn’t always easy, and it has nothing to do with your business experience.
The main reason new businesses run into obstacles is because they don’t have a credit history yet. It takes time to build up a great reputation with your suppliers. In the meantime, how can your new business buy the things it needs to grow? Accounts receivable financing is one of the best options. At Sterling Capital Consulting, we’re professionals in AR financing and other types of alternative financing.
What Is Accounts Receivable Financing and Why Is It Great for Startups?
Financing receivables involves using unpaid invoices and turning them into cash advances. Instead of waiting several months for your clients to pay you, you can get capital right away. This helps in many ways:
- Taking advantage of product deals to buy equipment
- Ordering a large amount of inventory for a bigger discount
- Hiring additional employees for better customer service
- Buying the best computer equipment possible for your business
- Adapting to unexpected cash flow problems
This isn’t a loan, so it doesn’t give you any debt. You don’t have to worry about collateral or monthly payments. Accounts receivable financing simply gives you the money you need faster than you would normally get paid.
Get Started Today
If you have questions about this excellent financing option, we’re happy to answer them. Contact us right away.