Cash to Pay Bills, Meet Payroll, Service Customers, and More
Dare Capital has been a leading provider of factoring services to Technology and IT companies in the United States. These companies use invoice factoring to access the cash they need for payroll, servicing clients, and more.
If you are waiting too long for customer payments, factoring will provide the cash you need. Dare Capital offers competitive advances, and low factoring rates. Contact us for a free, no-obligation consultation and quote.
Accounts Receivable Factoring for Technology Companies
Many technology companies have a cash-flow gap because most of their customers are taking 30 days or more to pay their invoices. This is a challenge when you need the cash to meet payroll, get caught up on bills and invest in new resources.
As banks tighten up their lending qualifications and limits, technology companies can have difficulty getting a business loan or business line of credit. Even if the company does get approved, the process is lengthy and the amount of capital may be insufficient to keep up with the growing demands of their business.
Accounts receivable financing is an alternative financing solution that technology companies use to access the working capital they need.
While business loans and lines of credit can take weeks or months for approval, getting a quote for accounts receivable factoring can be as quick as 15 minutes. Once your invoice is paid by your customer, the remaining balance is remitted to you, less a small fee.
Access to working capital is easy for technology companies when they choose accounts receivable factoring for their finance solution.