Cash flow is the lifeblood of business. Without it, you’ll find yourself underwater fast. But cash flow is a tricky element to deal with in business. For some industries, income is consistent and predictable. For others, the reality of their cash flow couldn’t be more opposite than consistent and predictable. Product-based warehouse businesses are especially susceptible to inconsistent cash flow.
It’s a vicious cycle: without regular income, you need credit, but without regular income, it’s hard to qualify for credit. This leaves you walking a fine line with a tight budget waiting for your outstanding invoices to be fulfilled. Without working capital or a financial lending institution willing to give you a loan, you can quickly feel like you’re completely out of options. That’s where alternative business financing can help you.
When it comes to giving businesses working capital, we are the experts at creating a solution unique to your business and your needs. If accounts receivable are truly your only collateral, there are at least two alternative financing methods we can use. After assessing your current financials, your history, and how quickly you need the money, we will be able to determine what you will qualify for.
In the past, we’ve secured financing for businesses in as little as seven days. Ideally, we prefer to work in a longer time frame to ensure securing the best possible rates and financing for your business. However, we understand that sometimes time isn’t on your side and we will do what we can to work with you. In the event we are unable to assist you, we will point you in the right direction.
If you’re stuck between a rock and a hard place needing income but waiting on accounts receivable to be fulfilled, consider contacting Alliance Commercial Credit Group. We have extensive experience successfully working with businesses whose primary form of collateral is accounts receivable. Give us a call to see how we can help you.