Looking for invoice financing, but do not actually have invoices yet? Are you in a Catch-22 situation? Need some capital to work on an order? But without money can’t finish the order?
This is a classic example of an undercapitalized venture. Every new business needs to have enough capital to get started. Furthermore they need continuing ongoing funds to sustain and grow the business. Unfortunately factoring accounts receivable is not the right tool to get a start-up started from scratch. Get some customers, and then we can talk.
Depending on what the business is, what these business owners really need are one or a combination of the following; borrowing from friends and family, seed or angle investment capital, credit arrangements with suppliers, SBA small business loan, or a small line of credit from a bank where the owner sign personally for the repayment.
Most of the time businesses fail due to lack of capital. Money is the lifeblood of all companies, insuring your access to it will reward you with success.
Visit our factoring home page to learn more HERE.