Cash flow is the lifeblood of a business. If you're struggling with cash flow you will end up pausing your company growth plans, or struggling to buy the materials to fulfill the deal you just sold. Waiting months to get paid could kill your business.
We started FinanceFuel with a simple idea: There has to be a better way to help companies collect cash faster instead of just waiting for 30, 60, or 90 days.
How we accomplish that goal: Provide capital to small and medium-sized businesses based on their invoices. No personal guarantee, no equity dilution, no minimums, just working capital when you need it.
Invoice funding is an idea that's centuries old. We have applied technology to the solution and we are getting the word out that there's a better way than just waiting for your invoices to eventually get paid. We've solved the major pain: Going through weeks (or even months) of due diligence with a bank just to get approved. First of all, who has time to do that when you have a cash flow issue right now? Secondly, who has the time for any of this when you have a business to run?
The money is technically there, it’s just stuck in Accounts Receivable
The problem is your customer with Net 30, 60, or even 90-day terms. The problem is the customer with the accounts payable department that says they'll pay you soon (but not soon enough). The problem is the firm you're sub-contracting with, and they can't pay you until they get paid. Or the large company who only does Net 90 payment terms. It creates a balancing act because you need the money faster, but you also don’t want to rock the boat with a major customer.
We’re excited to get to work here in 2019 and will share new ideas and insights with you along the way.
Waiting 30, 60, or even 90 days can make or break a company. We’re changing things up and providing the working capital. We want to be a growth partner to help your company grow faster!