There are many ways business could spend a little extra cash if they had access to it regularly. Companies could expand, take on more work and create new opportunities.
Many people associate the word funding with start-up companies and those who are in debt. While some of our clients do use our funding for those reasons, there are others who use it regularly in order to expand their business opportunities and lower stress levels. There are all sorts of ways our clients use extra funding to improve and grow their business after the start up phase.
One of our commercial cleaning clients uses factoring to cover payroll. In their field they are paid monthly, but pay their employees bi-weekly. They need something in the interim to make sure their 40+ employees are paid on time and still keep business on track.
Another client, who works in commercial landscaping, takes advantage of factoring in order to bid on larger jobs. These types of companies are usually paid as they go but still need to buy materials, pay workers, rent equipment, etc. Without capital they are missing out on the bigger opportunities and hindering their growth. The extra resources allow them to take on larger jobs, buy materials and continue to grow without relying on the money coming in.
Several of our clients have obtained cash discounts or quantity discounts from their suppliers as a result of funding. One particular client was thrilled that she not only had enough cash to qualify for a quantity discount for her supplies, but the amount of money that she saved with this discount was more than our fees! This is an example of how IFG really can help a small business grow.
Funding can help companies get ahead, beat out the competition or get back on their feet. If you or anyone you know could benefit from alternative funding please give us a call, we'd love to help in any way we can. If you're not convinced see what our satisfied clients have to say.
Many people may think funding is only for companies in debt or in the midst of an emergency, but some companies use our funding continually. If you are interested in exploring new business avenues please contact us.
