We know all the routes to take
to get you the best business loan
United Capital Source has access to numerous business loans designed to hamper inventory-related issues, cut costs and acquire vital resources for growth. Short-term working capital loans can make up for the money wholesalers lose by over-investing in inventory or experiencing a change in demand. This allows you to maintain operations and sign new deals when certain products take longer than expected to sell.
We can also help you buy more trucks, invest in new technological tools, or add storage space. If you are looking to pre-pay suppliers for discounts, we may recommend working capital loans that let you pay off the majority of the debt when most of the products are sold. Many UCS clients use working capital loans solely to cover monthly expenses during rough patches and strengthen crucial business partnerships.
Shorten your business cycle to a few days
One of the most popular business funding programs for wholesalers is accounts receivable factoring. The business lender purchases unpaid invoices for a discount price and gives you the money immediately afterwards. It is now the business lender’s responsibility to collect from the vendor. Your business cycle is effectively shortened from a few months to a few business days. The quicker you can put money into your bank account, the more money you can save.
Accounts receivable factoring is particularly ideal for wholesalers because newer invoices from bigger companies are more valuable. Bigger companies prefer clients that play by their rules but with accounts receivable loans, you can work with basically whoever you want, regardless of how long it takes them to pay. Depending on one or a small group of suppliers solely because of price is a huge risk.
Having more money at your disposal also gives you the power to negotiate better terms, like longer payment intervals. And like just about every other business loan, a major benefit of accounts receivable factoring is putting more time into your work day. In an industry where productivity is paramount to success, getting out of the collections business is certainly a good start. Apply now to see how much you qualify for!