Last week, we showed you how a business ended up with NINE payments and $56K/month going out the door…
…and how our team at Credit Banc helped get them out of it.
But here’s the part we want to reiterate one more time: They didn’t need most of those loans in the first place.
The real issue was simple. They were waiting 90-120+ days to get paid…and covering that gap with expensive money (a.k.a. MCA debt).
There’s a better way to handle that. It’s called accounts receivable financing.
Here’s how it works:
You send a $100K invoice.
Your customer says they’ll pay in 90 days.
With A/R financing, you can get about $85K–$90K of that now instead of waiting.
When your customer pays the invoice, you get the remaining balance, minus a small fee.
That’s it.
If you’re waiting on receivables right now, or covering gaps more often than you’d like, this is worth a look before it turns into something you have to unwind later.
Learn More About A/R Financing
…or keep waiting 90 days.
Your call. 👀
-Matt & Luigi
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