Top 3 ways Payplant can improve cash flow

Waiting for a large customer to pay their bills can put stress on a small business owner. Common questions include – “Where am I going to get the cash I need NOW to pay suppliers? Will the payment come in by Friday so I can meet payroll? How can I invest in new projects without having cash up front?” Collecting on the receivable shouldn’t prohibit your business operations. Invoice Financing can do wonders for your cash flow, and reduce your stress level. Here are 3 ways cash flow is improved with Invoice Financing:

1) Cash advanced as soon as you invoice - Once an invoice is verified with the customer, you receive the advance, typically 80% of the invoice amount, within the next business day. Cash is wired directly to your bank account, so you use it buy more inventory, pay suppliers early to take advantage of early pay discounts, or make payroll…keeping moral high and stress low. No waiting more waiting 45 days or more to receive the cash.

2) No Out of Pocket Expense - Your customer pays the invoice to Payplant’s account. Payplant then takes out the advance and discount fees, and passes the remainder on to you. You pay nothing out of pocket, whereas a loan or line of credit require monthly installment payments of principal and interest.

3) No Debt on the Balance Sheet - Selling your Invoices is simply converting an asset to cash. It is not a loan, and there are no installment payments. Your business credit score is not impacted since you are not taking on additional debt.