BusinessCash understands the wine, spirits and beer industry. We understand the State-to-State laws and what it means for your operations. It is often difficult for producers/importers to fund monthly operations since working capital is tied up in accounts receivables and inventory, and payment schedules of distributors lag the expense schedules of producers. Since 1998 BusinessCash has been funding the needs of the beer, wine and spirit industry.
We offer microbrewery, brewery, wine and spirit entrepreneurs working capital solutions through the invoice factoring and purchase order factoring. Waiting 30-60+ days for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. BusinessCash advances you up to 92% of the invoice amount immediately and provides the remaining balance when your clients settle in full.
The wine, beer, and spirits industry is a major economic contributor:
The $246.5 billion beer industry includes more than 2,800 breweries and 2 million jobs with the majority in California. The wine industry represents $34.6 billion with the production mostly coming out of California, then Washington, Oregon, and New York. Texas, Virginia and a few other states represent the bottom 5% of production. The U.S. beverage alcohol industry as a whole is responsible for over $400 billion in total U.S. economic activity in 2010, generating nearly $90 billion in wages and over 3.9 million jobs for U.S. workers.