Is Invoice Financing Your Best Bet for Business Needs?
Choosing the right way to fund your business goals and needs is critical, but not always easy to do. At Olympus Business Funding, we take price in working closely with our clients to help them find the best type of funding for their needs. You do not have to rely on a traditional bank model, where you have to go in, apply with a business plan, and prove your case. Our team offers more flexible borrowing options, ways for you to get the funds you need without all the hassle. And, that also often means fast business funding is an option for you as well.
Consider the advantages of invoice financing
One of the options available to help fund your business is invoice financing. This method is very flexible in terms of repayment. Here, you will sell your invoices to a lender. The lender provides you a portion of the invoice amount due. This means you get funding right now for the amount owed to you from your customers and clients, even though they have not paid you just yet. The rest of the amount – which is usually about 20 percent, is held until the invoice is paid in full.
The benefit here is that you can get cash in hand right away. There is no reason to worry about big lump sum payments that you have to make to your lender with this method. Rather, the fees come out of the invoice when the client or customer pays them. With invoice financing, you get the money you need right away without having to wait for it to become available to you.
Need other fast business funding options?
At Olympus Business Funding, our New York, NY, based office is happy to help you with all of your needs. We offer fast business funding of all types. You can get an answer in as little as five minutes if you apply online.