Accounts Receivable Financing: Your Fast Funding Solution
So, your enterprise is growing. Congratulations! Your efforts are paying off, attracting new customers and more repeat business. Now, all you need are the financial resources to handle this growth. Meridian Commercial Lending’s accounts receivable financing may be your ideal solution. Accounts Receivable financing is an ideal solution for businesses in many industries as it funds quickly and does not create long term debt on the balance sheet.
How Our Financing Works
Tap into your receivable for cash. You’d typically wait up to 90 days for customers to pay, but invoice factoring allows you to sell them at a discount. You get the funds you need, and we collect payment from your customers. It’s simple, flexible and requires no long-term debt or equity sacrifices. You also enjoy several great benefits:
- Funding range from $50,000 to $30,000,000
- Cash within 24 hours
- No fixed payments needed
- No personal guarantees required
- No Recourse Even if the Account Does Not Pay
- Free credit insurance for qualifying accounts
As your sales and receivables increase, so does your available funding. AR financing can help you fund inventory, supplies, payroll, operational expenses or anything else needed to meet customer demand.