The pace of business can be hard to keep up with, especially if your business is growing. It is not unusual for a company to go through several years of relatively lean financial times before finally seeing some kind of growth. A business owner becomes adept at finding ways to make his company’s dollar stretch when the invoiced sales is having a hard time keeping up with the company’s costs.
During those lean years, the company will have to make decisions on vendor invoices that will impact the company’s credit score. There will be late payments that could drag on for months that will bring down the organization’s overall credit rating. The irony is that the business owner finds it frustrating when his customers take 30 or 60 extra days to pay his invoices, which is why late payments to his vendors are almost embarrassing.
After a while, the company has developed enough of a customer base and reputation where it starts to see an increase in sales. Then it has that one product which grabs the imagination of its client base and invoiced sales take off. The company has finally reached one of the levels of success that it has been chasing for years and the purchase orders start flowing in. The problem is that the company’s cash flow is still slow and its bad credit makes bank lending difficult. This is when a business owner must make decisions that will affect the history of his organization for many years to come.
Credit cards, even in the business owner’s personal name, allow for a short-term and low-volume solution to the problem. But with double-digit interest rates and service charges each and every month, the credit card solution will wind up costing more in the long run than cash. Since interest is compounded each billing cycle for a credit card, it can start to add up and become a significant financial burden.
It takes months to put together a program that can be used to attract investors in a company and it can take more months to actually attract those investors. By the time the small business owner would have actually realized any kind of cash infusion from new investors, the company would already be buried in purchase orders from anxious customers.
Taking on investors during crisis periods in your company’s history can be dangerous because you may have to give up some level of control in your organization and it will be something you regret later. But as you sit around trying to determine if investors are your answer, your customers keep sending you purchase orders and you face the very real decision of derailing your company’s new found success by turning orders away.
The reason you do not have the cash flow you need to satisfy those new orders is because it takes customers months to pay their bills. If you were taking cash orders only, then you would not be having any of these problems. Accounts receivables financing is as close as you will get to taking cash orders only, and it is something that you can do despite your company’s bad credit.
Commerce Commercial Credit is an international leader in asset-based financing for small to medium sized businesses. We are able to advance funds in different currencies, which means that we can help your company satisfy its domestic and international customers. Our financial experts deal with situations just like yours every single day and that is why we are the perfect company to help you enjoy your success instead of being buried by it.
When we work with a client, we are not interested in that client’s financial information or credit profile. We base all of our decisions on your customers’ credit scores and the legitimacy of your invoices. Once we confirm the invoice and we determine that your customer is creditworthy, we can advance you cash up to the face value of your invoices, minus our lending fee.
We do not need your credit score to advance you cash. You can use our receivables-based lending services to start paying your vendor bills on time and rebuild your credit. Once you get used to having the kind of cash flow that we can provide, you will see that you will no longer need to rely on bank lending to keep your company going.
A bank line of credit inflates your company’s debt and is extremely difficult to get when your company has bad credit. A receivables-based line of credit is based solely on your invoiced sales and the line of credit expands as your invoiced sales increase. You will be able to use our invoice factoring services to plan your future financial needs as well as meet all of your current obligations.
With help from Commerce Commercial Credit, you can turn that pile of purchase orders into the cash flow you need to meet payroll and expand your company. Your new success represents the fruits of your hard work over the past few years. Instead of allowing that success to ruin your company, we allow you to sit back and enjoy the success and then plan for the next phase of growth in your organization.
We do not have any set-up or facility fees. We use our vast array of custom asset-based lending programs to advance you the cash you need to watch your company grow. Your bad credit score becomes insignificant next to the purchasing power of your invoiced sales.
The Commerce Commercial Credit website has a two-page online application that you can use to get the application process started. We return answers on applications the same day we receive them, and we can have your account set up in five days or less. Once your account is set up, we can advance you cash against the face value of your invoices within 24 hours of confirming those invoices. It is that easy and it is much faster than waiting on an answer from an institutional lender.
Commerce Commercial Credit is not a bank. We are an invoice factoring organization that will be the most reliable financial partner your company has ever had. We will turn that pile of purchase orders into the cash you need to fulfill your order and exceed your customers’ expectations. When your business starts to see the success you have been working so hard to achieve, we can help you enjoy that success and then take your company to the next level.
