Global Business Financial Services
Accounts Receivable Financing
At GBFS, our accounts receivable lending (Or Advancing) service is a flexible source of funds for businesses. We specialize in financing the growth of distributors, manufacturers, service providers, transportation companies and exporters.
Funding on accounts receivable is what we do by advancing funds against your accounts receivable. Due to our expertise and knowledge in the industries we fund, we can provide higher advance rates with competitive fees.
Accounts receivable lending is not a loan as most people refer, it is more like and advance or purchase of the receivable, so there is no need to make payments or create debt to your business.
In the past, it was common for businesses to use banks for all of their financial needs. However, as the economy changes, it is clear that there is a need for small businesses to have more than one way to meet their borrowing requirements. Banks put the risk on business owners by giving money in exchange for property collateral. Conversely, a profitable alternative is invoice borrowing or accounts receivable loans. To use services that allow you to borrow money on your receivables, all you need is an unpaid invoice.
Receivable Loans Can Correct Your Cash Flow Problems
Whether you offer a service or a product, you must wait for your clients to pay their bills. While you wait for the check to clear, you may lose an opportunity to invest capital or extend credit to your clients. On the other hand, if you have access to a majority of that cash immediately, your ability to expand your business becomes much easier. Instead of waiting through the process of having your property appraised by the bank, you can have a line of credit extended to you based upon any of your unpaid invoices. This way, slow-paying customers are no longer an issue and you can pay your staff, cover operational expenses, purchase new inventory, pay for unexpected expenses and solve other problems.
