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Types of Financing
Types of Construction Equipment Financing: Accounts Receivable Advances
Unlock the Cash Tied Up in Your
Receivables
Accounts Receivable Financing, or Factoring, is the purchase of accounts receivable invoices at a discount. With this type of construction equipment financing, you don't wait 30, 60, 90 days or more to get paid for your services. ClearPath Financial has a liquidity solution for you - we'll advance you the cash on work that has been completed. We can finance companies that are start-ups, losing money, or in bankruptcy because Accounts Receivable Financing is based on your customer's credit, not yours. This is not a "debt." You are selling an asset. But it is more than just an asset sale; it is like outsourcing your entire accounts receivable department. Factors provide valuable services. They check your customer's credit, notify you of bad risks and provide detailed monthly statements. Qualifying accounts even get free credit insurance.
ClearPath Is More Than Just An Equipment Leasing Company, With Accounts Receivable Advances We Promise:
- Cash in 48 Hours
- No Personal Guarantees
- Our Specialty Is Construction Companies
- No Recourse Even if the Account Does Not Pay
- Credit Insurance on Your Client At No Cost To You
- No Arbitrary Loan Board Decisions, No Fixed Payments
- As Sales and Receivables Increase, Funding Increases and could be put towards further equipment leasing if needed
- Focus On Your Business, Not Collections
Factoring Equipment Financing Is A Great Way To Free Up Money
Use The Money To . . .
- Fund Payroll or Other Operating Expenses
- Purchase Inventory to Take Advantage of Bulk/Early Payment Discounts
- Fund Expansion and Growth
- Respond to Seasonal Demands and Opportunities
- Take on That Large New Account with Confidence
Contact us today and one of our financial specialists will give you a detailed analysis of what factoring can do for your company.
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