The Best Invoice Factoring Company in Houston, TX
As an alternative funding company, American Prudential Capital looks at alternative financing options, such as invoice factoring, to help entrepreneurs start a small business or expand an existing company. Capital is generated through the financial funding service solutions of a Houston invoice factoring company.
Factoring is a concept and practice that dates back centuries. It is mentioned in the bible in the book of Luke and follows the precept of providing immediate cash relief by purchasing invoices for accounts with outstanding balances owing. These accounts receivable invoices are sold for less than their face value, so the company purchasing the invoices may collect at full value, thus helping them meet its daily challenges, while at the same time generating a small profit for providing this age-old alternative financing solution. As an invoice factoring company, our goal is to assist small companies across America, providing help when traditional methods are not accessible.
As an invoice factoring company, American Prudential Capital provides cash funding to small businesses, not only offering financial assistance but also taking on the responsibility for collecting the invoices. This is doubly advantageous for new small businesses who are learning how to budget against their accounts receivables. If a customer fails to pay their invoice, the invoice factoring company takes on that loss, another benefit to the owner. As a leader in alternative financing companies in the United States of America, APC has funded thousands of small companies, helping them rejuvenate their cash flow, clear their billing, order inventory, meet payroll, purchase much-needed equipment, and meet the financial obligations. While the small business is getting less than the amount originally billed to the invoices, the immediate cash versus the full value of the invoice provides the business a much more valuable return.
Having working capital is essential for any small business, so it makes sense to use the services of an invoice factoring company to turn stale accounts receivable into liquid assets. Keeping up cash flow is one of the most difficult challenges any business faces. Being able to keep inventory fully stocked, accounts payable paid, and accounts receivable received is like a dance that requires perfect timing. In the corporate world, timing is not always perfect, so it is nice to know that in Houston, the best invoice factoring company, APC, is here to help with alternative cashflow solutions designed to help small businesses grow and prosper.
Whether your company specializes in construction, distribution, IT, customer service or other industry, an invoice factoring company such as APC is there to offer cashflow solutions for your financial concerns. Leaving the worry of collecting invoices for accounts receivables to the factoring company, business owners are able to concentrate on what is needed to encourage growth in the business. This can mean expansion, purchasing new commercial space, purchasing new equipment, stocking a new product, advertising and marketing, general costs associated with business, and hiring and training more staff. Keeping expenses paid such as utilities, licensing fees, taxes and other incidentals are vital to the success of a small business. Invoice factoring may make the difference between closing the business and keeping it afloat until the tide turns and it is able to thrive.
When a traditional cashflow method does not work out, companies look to invoice factoring company, APC, for quick access to working capital. The process of invoice factoring is much faster than applying for traditional financing through a banking institution or credit provider. There are no hidden fees or rising interest rates, and no late fees or penalties. Invoice factoring allows businesses to decide on a month-to-month basis whether invoice factoring is needed, factoring accounts receivable if more cash is required, or sending out accounts receivable as usual can resume. There are no time constraints with maximums and minimums; business owners are able to control their funding using invoice factoring.
Many Houston business owners feel more comfortable using an invoice factoring company versus a traditional lender. It can be especially challenging for a startup to find funding without enormous interest rates attached. Without a merchant history or assets that are easy to liquidate, many traditional finance companies are quick to deny financing. An invoice factoring company only considers the accounts receivable, not credit scores or other commercial worthiness factors. APC offers easy alternative services with clear cut terms, no hidden fees or costs, no lengthy commitment, or slow loan processing. Invoice factoring is not intimidating; it is as easy as making a phone call, which makes it more desirable than traditional loan financing.
An invoice factoring company provides the safety net companies need when cash flow is a little tight, renewing the business owner’s dedication and motivation to get a business back to normal with plenty of working capital.
Getting started is easy by calling APC’s advisors or completing the application form. Once an application is approved, usually in a few days but as fast as in 24 hours, the invoice factoring company issues a fast payment in the amount agreed upon, and the accounts receivable are transferred to the factoring company for billing and collection. The process is easy and painless, serving business owners all over Houston.
It is important to note that the business owner has complete control over which receivable will be selected for invoice factoring. There is never any obligation or pressure to provide a required number of invoices or a certain dollar amount from accounts receivables. APC leaves this decision to the business owner. Such flexible terms allow invoice selection of just a few or up to all accounts receivable invoices. This allows companies to personalize their invoice factoring services.
Deciding to factor invoices using the best factoring company in Houston, APC, yields numerous fast benefits for nearly any business. Some of the advantages and benefits include the following:
- Rapid receipt of cash, usually within 24 hours of application approval.
- Funding approval is not based on commercial ratings or creditworthiness. Decisions may consider the creditworthiness of customers.
- Businesses are in complete control of how many and which invoices are chosen to factor.
- Once your invoices are sold, the invoice factoring company, APC, takes full responsibility for collecting the money owed, taking the burden of collection and unpaid accounts off the business owner.
Qualifying for Invoice Factoring
To qualify for invoice factoring services, a business needs to carry out business-to-business activity, rather than dealings with individuals. Invoices must be due within 90 days so the invoice factoring company can get a prompt return on our investment. Additionally, a business must not have any serious legal or tax issues.
APC serves all sorts of businesses, including startups. Qualifying for invoice factoring as an alternative financing method is much simpler than qualifying for financing through traditional methods.
Invoice Factoring Company Helps Companies Thrive
Invoice factoring companies like American Prudential Capital provide peace of mind for companies by approving funding for working cash for business owners experiencing cashflow difficulties.