Commercial Real Estate Financing
Joseph’s business is growing rapidly and in order to keep up, he needs to continually ensure his company operates with the latest technology. The growth has created a financial crunch with the necessary hiring of new employees as well as the ongoing upgrades of the latest software and hardware required to stay ahead of the competition. Joseph needs his cash flow to continue to serve his current clients as well as adding the latest influx of clients to his roster.
Joseph currently invoices customers on a monthly basis, but has seen a consistent lag time with many clients paying on a 60 day timeline, thus contributing to his cash flow issues. Joseph looked at a number of loan options only to find that traditional loans didn’t fit his needs. It was then that he discovered invoice factoring which seemed the ideal solution for his cash flow requirements. Invoice factoring would allow Joseph the flexibility to cover operating expenses, ongoing maintenance and upgrades, as well as meet payroll as needed.