Let’s help you get back to a healthy balance sheet.
You want to grow your business. Your ideas and customer / supplier stakeholders are ready but your balance sheet is not. Unfortunately, there is too much money tied up in accounts receivable. There is work that you’ve completed or product you’ve already shipped, you’re just waiting to get paid. Start accessing these funds through factoring with Liquid Capital.
What is factoring finance?
Factoring is an alternative form of financing ideally suited to small and medium-sized businesses, especially enterprises that do not have a long and established banking record with a major lender. In financial circles, there is a popular saying: “a bank only gives you money when you don’t need it.” That’s because banks operate on a line-based financing model based on what your business has already done and the assets you currently own.
Factoring is an innovative way for your business to access the funds you have tied up in accounts receivable.
Liquid Capital effectively purchases your outstanding invoices and advances you up to 85% of the value. We then collect the funds from your client on your behalf and transfer the remaining balance to you, less applicable fees.
Think of your growing business like you’re driving a car. Major banks look in the rearview mirror – where you have been and what you have today. By comparison, factoring is all about looking through the windshield at where you’re going, and all the opportunities you have on the road ahead. At Liquid Capital, we look at where your business is going and give you the liquidity you need to get there faster, easier and with greater confidence.
Here’s how it works:
- Fill out an application for factoring with Liquid Capital, or simply call your closest Liquid Capital office and speak directly with your local Liquid Capital Principal
- Liquid Capital’s underwriters perform due diligence, such as a customer credit check and opportunity analysis
- If your business and accounts receivable clients are all in good standing, we approve you for factoring and we advance your business up to 85% of the value of your invoices
- We collect payment from your customer and pay you the remainder of the balance (less applicable fees)
Why choose Liquid Capital?
- We are North America’s factoring specialists, with the largest network of offices across North America
- Customized, flexible approach with local decision-makers ready to take your call
- Immediate financing upon approval
- Credit coverage can be included to reduce risk, time and overhead expenses
- Not dependent on your balance sheet, or time-in-business
- 24-hour online reporting system
- No long-term contracts, hidden fees or debt
In addition to business factoring services and other funding alternatives, Liquid Capital offers a fully integrated service bundle including:
- Processing and ledgering of accounts receivable
- Credit review and assessment
- Professional collection of accounts receivable
- Preparation of all reports
- Great risk reduction strategies
By outsourcing these time-consuming tasks, you can concentrate on doing what you do best – growing your business. Our integrated service bundle means you will no longer be handcuffed by the time and money costs associated with administrative duties and paperwork.
Read more: Learn smart cash flow strategies for your business.
Ready for funding? Let’s get started.