Before companies break even, they often experience “growing pains.” From slow-paying customers and cash flow deficits to high expansion costs and other expenses, these issues can disrupt business functions. At REV, we assist companies with invoice factoring solutions that help them generate consistent liquid cash.
Virginia invoice factoring lets you break through typical business constraints thanks to the following advantages:
Obstacles like extended payment cycles and stagnant cash flow may seem inescapable for businesses. Founders often feel that business loans and the debts they incur are unavoidable. But neither of these scenarios has to be your reality. With invoice factoring, Virginia companies can sustain growth without these burdens.
Funds can deplete fast when cash shortfalls emerge, especially due to waiting for customer payments. Fortunately, cash flow solutions like invoice factoring in Virginia enable you to convert unpaid invoices into liquid cash.
Traditional business loans create debt for companies due to interest rates, which can rapidly add financial strain. However, when you sell unpaid invoices, you generate immediate cash from the sale. Zero lending from a financing company is involved; therefore, no interest or debt is incurred.
The scalability of invoice factoring is unparalleled. As you grow your customer base, you acquire more unpaid invoices, increasing your ability to sell invoices. Your cash flow potential is directly correlated with the number of customers you acquire.
When you sell your invoices to a factoring company, you’ll typically get the majority of their value upfront. The remainder is allocated to a small factoring fee for the factoring company’s involvement.
REV is a Virginia invoice factoring company that specializes in recourse factoring, a unique subset of this financing alternative. With recourse factoring, you must buy back uncollected invoices when they are past due, making you responsible if customers fail to pay them. That said, this type of factoring typically comes with lower service fees.
REV leads the market for invoice factoring in Virginia, providing funding opportunities for businesses across the state and North America. We offer a straightforward process and focus on building genuine partnerships with our clients rather than just helping them generate capital. We understand the challenges of funding and fuelling business growth, along with its costs, and we’re dedicated to helping businesses like yours succeed.
Serving both the United States and Canada, REV is an invoice factoring company that VA businesses rely on to create working capital and sustain their growth. Since 2017, we’ve helped new and emerging enterprises overcome financial constraints. Through reliable invoice factoring services, we’ve assisted them in achieving their business objectives faster and without the burdens of loans.
Are you looking for a financing alternative to business loans? Get in touch with us for the invoice factoring VA businesses depend on for immediate working capital now!