Accounts Receivable Financing Is Fast and Flexible
Accounts receivable financing, also known as financing receivables, is an excellent way to improve the cash flow of a business without incurring debt. This type of program is easy to implement and has a number of benefits, which is why Lucida Funding Corp is proud to offer it to our customers.
How It Works
If your customers pay for your goods and services in 30 to 90 days or longer, then this form of financing is an excellent option for getting funding fast. Under this arrangement, you sell your accounts receivable invoices to Lucida Funding Corp, giving you immediate access to cash and outsourcing the collection of the debt. Rather than incurring a debt of your own, you’re selling assets and improving cash flow.
Approval for participation in this kind of program is based on the credit of the customers, not your own, meaning that this is a great choice for organizations with no credit or even bad credit. Startups, rapidly growing organizations, companies previously rejected for loans, or even businesses recovering from bankruptcy can all benefit.
If you would like to use accounts receivable financing to boost your business, our associates will be happy to help. We can help you get cash in as little as 24 hours—contact us today to learn more about our services.