Small Business Factoring
Small businesses often have a harder time acquiring the cash flow they need to continue running smoothly, and many small or fledgling businesses find it difficult to qualify for traditional small business loans. If your small business requires more cash on hand to cover basic costs such as payroll or other accounts payable, small business factoring with CapitalPlus may be the ideal solution for you.
In particular, many service industry-type companies can benefit greatly from small business factoring as a means of securing the cash flow necessary to maintain their businesses. Let’s look at employment agencies as an example. Staffing agencies would be excellent candidates for small business factoring, since temporary employees placed by employment agencies are paid weekly, but many of the staffing agencies’ clients may take longer than that to pay for their services.
A significant benefit to small business invoice factoring is the fact that you don’t need to have much credit established to qualify. Where banks will consider whether your company is financially sound when deciding whether to approve a loan, invoice factoring with CapitalPlus depends upon the creditworthiness of your customers, instead. To see how CapitalPlus can help you improve your small business’s cash flow, fill out our short application today.
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