It’s no secret that for the past few years, banks have not provided a friendly credit environment for small to mid-size businesses. Unity Financial understands that few traditional banks are willing to offer loans against accounts receivable ("A/R"). We also realize that many of your bank's clients may be looking for asset-based lending ("ABL") or A/R factoring as a financing solution, even on a short term or bridge basis.
If you are experiencing difficulties in obtaining a traditional bank loan, factoring is a great solution. By using your accounts receivable invoices, the money owed to you by your customers, you can receive immediate funding every time you invoice your customer. By not having to wait to be paid, you will increase your cash flow and can meet your working capital needs. Money for growth, payroll, supplier payments, and overhead.