On average, we see one factoring client per day shut their doors due to the inability to service ACH bank withdrawals associated with Merchant Cash Advance and other Cash Advance Loans. If something seems too good to be true …
Let's take a look. Pricing for both options will vary considerably based on business size and other criteria - so feel free to enter the information most appropriate to you.
The above calculations incorporate estimated values and are intended for comparative illustration purposes only. Terms and conditions of specific cash advance loan and/or factoring agreements may result in additional margin of error. If, for any reason, you suspect the results are not representative - please contact us directly so that we may address those concerns. Alternatively, the most accurate way to calculate the Annual Percentage Rate for a loan or competitive factoring facility may be to contact the financial service provider directly and request that they perform or confirm the calculations. Thank you.
Cash Advance Loans most typically auto-debit your bank accounts on a daily basis, offering:
Speed- Utility- Convenience-
But how much does “easy money” actually cost and does it provide the cash availability you really need.
Invoice Factoring is a style of working capital financing that’s bundled with back-office services:
– Credit – Collections – Purchasing discounts, etc.
If those services don’t bring value to your business, invoice factoring is probably costing you too much.
If you need Cash Now for “working capital”, to cover payroll and other operating expenses, the right assets to use are the ones directly related to your revenue production – Accounts Receivable and Inventory.
For some businesses, working capital needs are seasonal or very short‐term in nature. If that’s your situation, a short term loan probably fits the bill. For many businesses, however, working capital needs are continuing and ever‐changing.
The “golden rule” of business financing is to match the term of the obligation to the asset being financed. You don’t finance a car for 30 years and you probably didn’t mortgage your home for 36 months. George Thorson Triumph EVP, Chief Operating Officer
The “golden rule” of business financing is to match the term of the obligation to the asset being financed. You don’t finance a car for 30 years and you probably didn’t mortgage your home for 36 months.
George Thorson Triumph EVP, Chief Operating Officer
The folks who talk to our clients (and prospective clients) all wear the same jersey. Their pictures and contact information are posted on our web sites. We stand behind every claim, every representation, every day – even when we mess up. That’s just how we roll.
For us, transparency is a core value. We want to know the people we’re doing business with and we want them to know us.
We meant what we said: invoice factoring is not for everybody. If you’re not sure, put us to work. We’ll lay out the Pros and Cons, and help you decide.
Advance Business Capital LLC d/b/a Triumph Business Capital. We have helped over 7,000 small and mid-sized businesses manage their working capital. We’re an invoice factoring company that provides Invoice Financing Services in truck factoring as well as freight factoring or small business factoring. In addition, payroll funding and government contract financing are important areas of service.