While American Corporate Turnaround
does a lot of debt restructuring, they also work with many different lenders
for financing your business as well. Check out the following options to see if
any are right for you.
One way ACT offers financing is with
account receivable factoring. This is when you would sell your account
receivables to others at a discounted rate in exchange for immediate cash. If
you are in a hurry to get a certain amount of cash but can’t wait for the
person who owes you to pay it, this is a very good option.
Another option is merchant cash
advance. This is very similar to a receivable factoring in the sense that you
get immediate payment. The difference between the two is that you are agreeing
to pay the third party a percentage of future sales instead of selling sales
that already occurred.
Next, there is equipment leasing. Equipment leasing is a good option because
there is a low out of pocket expense involved. Everything can be included in
the lease and this frees up your money for you.
Asset based financing is also a good
way to finance a company. This provides working capital that is secured by the
company’s assets.
Last is purchase order financing. This
is done when a distributor doesn’t have the funds to pay the manufacturer but
does have a purchase order that needs to be filled. A purchase order company
would pay the manufacturer to complete the order then collects payment from the
buyers. The company would then take their fee before releasing the funds to the
distributor.
American Corporate Turnaround has many
great options for assisting you in financing your business. Let us help out and
see if we can help make your business grow.
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