Starting a new business is very expensive. More often than not, once a business owner has paid as much as they can of these start-up expenses costs they had never expected will exhaust their funding much sooner than expected. When it comes time to open the doors, including home-based businesses, they are lacking the cash flow they need to operate.
Unfortunately, this is when most start-up businesses fail with 55% going out of business within 5 years. Most new business owners have excellent ideas that will earn a return, however, they don’t have the credit history to get financing from a bank. They can’t wait the 45-60 days that their customers usually wait to pay an outstanding invoice. This can be a working capital drain that does not allow the business to fill orders or fulfill contracts. There are solid solutions to having the positive working capital for start-ups.
BusinessCash supports new entrepreneurs. In fact, there are over 500,000 new U.S. businesses getting started each month. The fastest growing start-up industries include home health care, mobile health, child day care, eco-friendly construction, healthy/organic Foods, systems design/data recovery and translation services. Not only does BusinessCash provide these industries with the cash flow needed to operate from day one, but continue to finance the same companies down the road. Allowing these businesses to grow, remain at the top of their industry, and ahead of their competition.
The key to start-up funding is working with credit-worthy customers. BusinessCash can advance up to 92% on invoices where the service or product has been delivered to their customers. This means BusinessCash makes working capital available to the business when they need it most. Providing the proper level of cash flow to hire labor, buy equipment or raw materials that the business would otherwise not been able to afford.
The experts at BusinessCash have over 20 years of experience providing funding solutions for new businesses. They have experts who are professionals in each specific industry and understand what it takes to make a start-up successful.
BusinessCash has the capability to provide supplier guarantees, letters of credit, government contract financing and so much more. They can assist new businesses with invoice factoring, payroll funding, purchase order financing, and soft-touch account receivable management with the critical credit protection component. They can approve a start-up for the funding they need in as little as 3 business days. If a business gets all the paperwork in on time, they may even qualify for 48-hour funding.