A business organisation from time to time require a smooth flow of cash but at certain times, may unable to find solutions regarding lumpy cash flows, cash-strapped situations and long payment cycles. The company that is reeling under such a situation may miss out possible business ventures that may prove to be vital, the opportunities that otherwise ensures growth and also the immediate needs of providing payrolls to employees. The business houses thus look for alternate options for immediate encashment in order to survive the temporary logjam.
The invoice factoring is a possible solution for such a cash strapped situation. The business concerns sell its unpaid invoices to a third party for cash. This mode of funding eliminates the hurdles that are usually posed by other finance providers such as banks. A move such as the high approval rates, which helps small businesses to qualify that otherwise, may get turned down by banks. Small businesses through this mode of funding can invest for purchasing other equipment for improving productivity, and also, bag discounts from suppliers due to bulk purchases and early payments of the outstanding amount.
American Commercial Capital LLC is one of the leading invoice factoring companies based in Houston. Small businesses looking for small business loans in Houston benefit from this company by receiving cash on invoices that are unpaid. The company promises to advance over 80% of the value of unpaid invoices within a day of earning the approval. The company mainly operates by collecting the money that is pending on the invoice from the client of the business concern. Next, the money is paid back to the business concern with immediate effect by deducting a small fraction of money as the fee. The company earns its repute of being trustworthy by backing its services both with a personal and a professional touch. The promise of turning invoices to cash within the shortest possible time frame keeps it in competition among other competitors. The company also ensures a healthy relationship with the business concern it is working for by providing the daily reports regarding fund receipts and provide the service of long-term cash without any possible contracts that may extend into a long term procedure.
All these factors have helped the company to retain many of its customers. A variety of clients from Houston has so far benefitted from American Commercial Capital. The clients range from manufacturers, staffing firms, construction firms and technicians. Apart from being a company providing small business loans in Houston, it also provides accounts receivable management services. The services are extended with fees that start low as 2% which depends on factors like credit quality, the volume of sales and average invoice amount.