Companies of all sizes—but especially newer and younger ones—often face cash flow issues that make business expansion tricky when facing high costs. At REV, we help budding companies unlock the liquidity needed to cover the costs of rapid growth and offset monetary losses resulting from unpaid customer invoices. With North Carolina invoice factoring, you can catapult your business to the next phase of its development thanks to the following benefits:
Some financial challenges seem like “necessary evils” in business. Ever faced supplier deadlines while awaiting an extended customer payment? Felt the strain of paying back a business loan with high interest rates or negative equity? North Carolina invoice factoring can set you free from these setbacks and provide immediate cash.
Funds can run low while awaiting customer payments, resulting in a cash shortfall. Factoring companies in North Carolina can provide a funding solution by converting unpaid invoices into immediate working capital.
Bank loans can provide businesses with significant amounts of money, but with debt comes high interest rates. However, financing receivables puts steady cash flow in your account, and since there’s no lending involved, you owe no one—it’s completely debt-free.
Invoice factoring is one of the few alternative forms of financing that’s truly scalable. The more customers you acquire and the more outstanding invoices you have to sell, the more you can improve cash flow.
When you sell an unpaid invoice to a factoring company, you’ll receive most of its value upfront. The remainder covers a small service fee that the factoring company collects.
REV is a North Carolina factoring company that offers recourse factoring, a subset of this financing method. With recourse factoring, you buy back uncollected invoices that are past due, making you responsible if customers don’t pay back what they owe. However, this type of factoring also comes with lower service fees.
REV is a leading North Carolina factoring company, offering invoice factoring services state-wide (and beyond). We make invoice factoring accessible to virtually all businesses across all industries, focusing on relationship-building rather than run-of-the-mill funding. We understand the challenges of sustaining rapid future growth, especially with limited funds, and that’s why we’re committed to helping businesses like yours thrive.
Located in North Carolina, REV offers invoice factoring growing NC businesses can turn to. We bring over many years of experience in the space, and continue to help companies overcome cash and growth restraints, so that they can grow into self-sustaining ventures.
Are you looking for invoice factoring in NC? Contact us to generate debt-free liquidity now!