Accounts receivable factoring is one of the most powerful financing mechanisms available to small business B2B entrepreneurs and you can find out more regarding this method of finance here. But at Pierce Group Inc., it is just one of the many financial tools we make available to small business owners.
Financing Alternatives for Small Business Are Our Specialty
Virtually all business owners will tell you that accessing adequate working and growth capital in today's economy is challenging, to say the least. And...that is especially true when talking about small start ups and companies that are in their earliest stages of operation and having little credit history and minimal collateral. Unless collateralized by real estate, bank lending for small business is all but non-existent.
But, there are alternatives to traditional bank loans when seeking funding for your small business and at Pierce Group Inc., we specialize in such alternatives. For many small business owners, we can provide:
Factoring: the financing of accounts receivable due from your customers
Inventory Finance / Asset-Based Lending: a revolving credit line based on accounts receivable, inventory, and equipment
Merchant Cash Advance / ACH Advance: an advance of cash based upon your future sales or credit card receipts
Microloans: Small business loans up to $50,000 often provided through the SBA
Purchase Order Finance: Cash advance or posting of letters of credit provided to manufacture goods to meet a valid purchase order from a creditworthy customer