Factoring for a Language Service Business
Venturing into the language service business may not require extensive capital initially, but daily and weekly operations entail purchasing teaching supplies, teaching aids like markers, paper, whiteboards, and other teaching essentials while monthly expenditures include the payroll of instructors and staff personnel, and utilities, among others.
Your cash flow obviously needs to be in tip top shape all the time and if it isn�t, for whatever reason, your business can suffer from a plethora of issues such as teacher resignations, low enrollment, breakdown of equipment such as PCs or multimedia projectors because of non-repair or non-replacement. When your cash flow is in the red, you need additional funds to augment it fast.
Minimal Requirements for Fast Cash Advance
Do you get a bank loan or borrow money from a financing agency? Unfortunately, banks and other lending institutions have rigid requirements that may take months for you to comply with and might not even be sufficient to have your loan approved. Meanwhile, your business operations have dwindled down to a grinding halt, you have debts to pay, equipment to upgrade, salaries to pay, and a host of other financial obligations which you have to meet.
Factoring can help solve your business by advancing you whatever funds you need to sustain your business operations. There is no background or credit investigation, no character references or submission of tax returns for you to obtain the funds. And you get them between 24 and 48 hours by meeting minimal requirements:
- � Accounts receivable or invoices of your company.
- � Creditworthiness of your customers.
- � Average volume of your monthly invoices.
Minimal Requirements for Fast Cash Advance
Factoring can accelerate the growth of your cash flow and make your language service business survive financial crisis. Another benefit to factoring is having available funds whenever you need to replenish your supplies, upgrade equipment, hire new personnel, expand your marketing, and acquire more customers. Factoring does the payment collection from your customers, saving you the time it takes to collect and other costs that come with collection.
The benefits which your business can obtain from factoring are numerous and more flexible than what other types of business funding offer including:
- � Fast processing and release of funds.
- � No incurred debt from the transaction.
- � Approval of funds does not require long processes or voluminous paperwork.
- � Terms are flexible regarding which invoices are factored and funded.
- � Improvement of cash flow.
- � Increase in credit rating as more revenue is generated.
- � No application, processing, termination, audit, and filing fees.
- � Financial obligations -- payroll, utility bills, tax remittances, and other operational expenses � are fulfilled on time without worry over late fees and damaged credit.
When Your Choice is Crucial
Your choice of a factoring company that is reputable and has a solid track record of continued satisfactory service to a wide range of clients like distributors, service companies, manufacturers, and wholesalers, among others, is crucial for you to reap the benefits of factoring. NeeBo Capital is an excellent provider not only of factoring but other services beneficial to numerous businesses engaged in aviation brokerage, food service, cable ads, agriculture and dairy, jewelry shops, and a host of others.
Whether your business needs factoring, asset-based lending in equipment financing, and other lending options such as restructuring of payables, NeeBo Capital is ready to help you develop, grow, and sustain your business.
Why Choose Us?
Rates at 0.59% - 1.5% for 30 days
Quick Link to Financial Resources:
| Purchase Order Financing | Accounts Receivable Financing | Asset Based Lending Options |
General Articles about Accounts Receivable Financing and Factoring:
» 08/01/2012 Debt Financing or Off Balance Sheet Financing?
» 11/30/2012 Utilizing Factoring as a Alternative to Traditional bank Credit
» 07/22/2012 Increase Your Business Lines Of Credit By Factoring Accounts Receivables
» 09/15/2011 What to know when selecting a Factoring Company
