Every small business goes through rough patches when money is tight while trying to make ends meet. In fact, over 50% of small businesses fail within the first four years due to a lack of money. Furthermore, cash flow problems can also lead to other problems, including:
- Inability to plan for the future
- Inability to market services
- Underestimating competition
The good news, however, is that Integrity Factoring can help small businesses with the cash flow they need to keep their doors open with invoice factoring.
FORESEEABLE CASH FLOW
Many small businesses are often hindered by unpredictable cash flow. Why? It can be extremely difficult to manage day-to-day business operations without a steady income. These expenses often include:
- Payroll
- Overhead Expenses
- Materials & Equipment
When it comes down to it, every company needs money to survive. When you choose to work with a company like Integrity Factory, you won’t have to wait for your customers to pay with the invoice factoring services we provide. You’ll get the money you need when you provide us with your invoices and relieve you of the burden of meeting expenses.
TIME SAVINGS
When you own a small business, finding the time to manage everything can be tough. At Integrity Factoring, we understand the need to focus your energy on the most important aspects of staying afloat. Invoice factoring provides small business owners with the money they need while providing them with the following back-office support.
- Credit checks
- Collections
- Payments
- Reporting
- Client Portals
By taking these responsibilities off your shoulders, you will have more time to work on getting more business, providing high-quality customer service, and growing your company.
YOUR CREDIT ISN’T AN ISSUE
Even if your business has been struggling and you don’t have the perfect credit score, invoice factoring is a great financial option for you. Invoice factoring has less credit requirements than traditional funding from banks and credit unions. Instead of focusing on your credit, Integrity Factoring purchases your outstanding invoices and collects the money owed by your clients. This means that your customer’s credit scores are more important than yours.
BOOST FINANCIAL HEALTH
At Integrity Factoring, we provide credit and collection services as a part of our invoice factoring services. That’s because we understand small businesses are focused on more important aspects like their products and services instead of chasing down old invoices. Furthermore, by relieving you of the credit and collection process, you’ll actually boost the financial health of your business, making it easier for you to achieve your long term goals.
INTEGRITY FACTORING
Keeping your doors open during rough patches can be difficult. Partnering with a factoring company like Integrity Factoring, however, can remove the stress. Contact us today by filling out our online form or giving us a call at 1.866.834.7338.