Accounts Receivable Financing
Growing a business is challenging even in the best of circumstances. One of the key considerations for any business owner is ensuring that there is enough capital to handle all operational costs. This can be challenging if you tend to have a lot of accounts receivable. Fortunately, with AR financing, you can get paid upfront, ensuring consistent and smooth cash flow.
How It Works
If you issue invoices to your customers and give them time to pay, you can receive financing from Harvey Business Group. When you issue an invoice, we will give you money upfront at a slightly discounted rate. Then, we will collect the full balance from your customer when it comes due. This isn’t a loan. Instead, you are selling an asset. That means that you can receive funding even if you have imperfect credit.
The Benefits
Your business could benefit greatly from this financing solution. These are some of the main advantages:
- No fixed payments
- No personal guarantees or recourse
- Financing receivables options for all business types
- No loan board decisions
- Funding that grows as your sales expand
- Fast cash (within 24 hours)
- Financing to help with large or unexpected orders