How to Get Quick Cash for Your Business

In the world of corporate finance, deals often move slowly, and getting the funding you need as soon as you need it can be a difficult process. Fortunately, there are some types of programs that allow for much faster approvals than others. Invoice factoring and accounts receivable financing are both great choices when it comes to getting cash quickly.

Factoring 101

How do these programs work? If your business provides services or goods to customers who pay in 30, 60, or 90 days, then you can sell their debt to a third party—like Lucida Funding Corp. We’ll happily pay you the amount due and then collect from the customer at a later date. This gives you instant cash, eliminates the burden of collecting down the road, and provides a number of other benefits.

Advantages

Financing receivables is a great choice for a number of different reasons—for one, it improves cash flow, and for another it can be used by businesses that might not be able to qualify for a traditional loan. Most importantly, however, this type of financing is fast. Approvals can be issued in as little as 15 minutes, and you might be able to obtain the cash you need in as little as 24 hours.

Where to Start

When things are moving quickly, you may not have time to wait for a traditional loan for your business. Accounts receivable financing is a great option if you need cash fast. Contact us to learn more.