Do your customers require your company to offer 30, 45, or 60 day terms to do business with them? If so, do they pay you on time... We have found, in almost all cases, when a business grows their accounts receivable balance also grows. You think, WOW business is great and sales keep pouring in. The problem, as this happens the business is penalized by its own success. Your selling like crazy, but you have no cash...
At the end of the month do you look at your Income Statement and Balance Sheet and think, what if I only had the money my customers owed me... It would be much easier to cover my payroll, payroll taxes, vendors and ongoing operating expenses. Only if I could get my customers to pay me faster... If you are reading this, our team at Troon Funding also understand what you are going through. We have all spent at least twenty years in the private sector managing our own businesses, and accounts receivable, prior to founding this company.
It is unfortunate, but as sales grow and Accounts Receivable increase typically cash flow gets tighter and tighter thus presenting challenges for the company to cover expenses. We also know when this happens, the ownership and upper management's primary focus shifts from growing and managing the company to collecting unpaid invoices. During these periods of growth it become a daily discussion at the highest levels of the company.
Now imagine turning your invoices into cash upon delivering your goods and/or services as opposed to when your customers decide to pay. Large or small, if your company has unpaid invoices or accounts receivable, Troon Funding can turn those assets into cash. How invoice factoring works, in most cases we will advance your company 80% of the invoice total upon delivery of your goods and/or service. The balance of 20% less a factoring fee will be returned to your business upon payment by the customer.
This will greatly improve your companies cash flow, thus providing liquidity to cover your payroll, taxes, vendors and monthly operating expenses. In some cases vendors will offer discounts and/or reduce pricing to get paid faster, thus saving you money. By utilizing accounts receivable factoring your business will have the cash flow to take advantage of these savings. With Troon Funding you can plan your future growth without the worry of working capital.
In today's business climate, for continued growth every business needs steady cash flow to manage the day to day operations of the business. Troon Funding Service will provide that. The added benefit, invoice factoring will generate cash flow with no shift in ownership and no debt to repay. Turn what you already own into cash. By doing so you can continue to offer your customers competitive terms while we step in and provide your company the cash.
To learn more go to - http://www.WorkingCapitalForGrowth.com
Author : Darren Grady
Article Source: http://EzineArticles.com/?expert=Darren_Grady
