Invoice Factoring
GET THE CAPITAL YOU NEED TO SCALE YOUR BUSINESS
Crystal Business Funding Invoice Factoring
Invoice financing benefits to businesses, especially those facing cash flow issues. Here are some of the best advantages:
1) Improved Cash Flow
Improved Cash Flow: Invoice financing provides immediate access to funds tied up in unpaid invoices, ensuring steady cash flow to cover operational expenses, payroll, and other financial obligations.
2) Quick Access to Capital:
Unlike traditional bank loans that may take weeks or months to process, invoice financing can often be arranged quickly, providing businesses with the funds they need within days.
3) No Additional Debt:
Invoice financing is not a loan, so it doesn’t add to the company's debt. Instead, it leverages existing assets (invoices) to provide funding, which can be particularly advantageous for maintaining a healthy balance sheet.
4) Easier Qualification:
Since the financing is based on the value of the invoices rather than the company's credit history, businesses with less-than-perfect credit scores can still qualify for invoice financing. This makes it accessible for startups and companies with fluctuating revenues.
These benefits make invoice financing a versatile and appealing option for businesses looking to manage cash flow effectively and sustain growth.
Do I qualify?
Customer creditworthiness
The business should have a history of issuing invoices to creditworthy customers who pay on time.
Financial stability
Lenders may look at the business's revenue, operational history, and financial turnover.
Invoices
The average size of the invoices and whether they are free of liens or encumbrances may be considered.
Other factors
The amount of financing required, the business's visibility, and the variety of its customer base may also be relevant.
What information do you need for me to apply?
Crystal business funding has one of the simplest application processes in the industry because we only ask for what we absolutely need:
Invoices to be financed
Past bank statements
Identification, such as a driver's license
One page application