Working capital to bridge the gap when customers are slow to pay
Is your business the victim of a long payment cycle? Do you routinely wait weeks – or even months – to get paid by your customers, reducing your profitability and straining your cash flow? If so, you may want to consider reducing your payment cycle with fast and easy Invoice/Receivables Financing from King Capital.
Advantages of King Capital
Fast approvalsIn as little as 2 hours!
Get paid fasterGet the funds you're owed in just a few days, instead of weeks or months.
No more chasing your customersWith Invoice/Receivables Financing, the lender takes on the responsibility of collecting the payment from your client.
Easy to qualify forApproval is not based on your credit history or cash flow, but on your customer's creditworthiness.
No personal guarantee requiredFunding amounts from $10,000 to $10 million
How it worksWith Invoice/Receivables Financing from King Capital, we connect you with a third-party company known as an accounts receivable "factor." You sell your unpaid invoices to the factor at a discounted rate (generally, 85% to 90% of the invoice).
The factor takes on the task of securing payment from your customer, then pays you the amount owed minus a factoring fee. This process greatly reduces your payment cycle – usually you get paid in just a few days rather than weeks or months.
Is Invoice/Receivables Financing the right choice for me?One great advantage of Invoice/Receivables Financing from King Capital is that you don't need an impeccable credit history or strong cash flow to get the loan approved. Rather, the factor will look into your customer's ability to pay what they owe in a reasonable time frame.
It's also the type of financing to consider if you spend a lot of time chasing your customers for payment. This is time that you and your staff could be using more productively to create more sales and grow your business.
While you do pay a fee for the service, it eliminates the damage that late-paying clients are doing to your company's profitability. For example, if your monthly bills are all due at the end of the month, think how much better off you'd be to get paid a couple weeks earlier. Each sale becomes more profitable and you gain the flexibility to cover unforeseen expenses.