Cash flow is the lifeblood of a business. Whether it’s pausing your company growth or trying to cut costs in order to buy the materials to fulfill the deal you just sold, waiting months until your invoices are paid could kill a business.
The money is there, it’s just stuck in Accounts Receivable
It’s the customer with Net 30, 60, or even 90-day terms. It’s the customer with It’s the invoice to a customer that you don’t really have a lever to pull with their accounts payable department to hurry up payment. It’s the firm you’re sub-contracting with that can’t pay you until they get paid. It’s the large company who only does Net 90 payment terms creating a balancing act because you need the money faster, but you also don’t want to rock the boat with a major customer.
We started FinanceFuel with a simple idea: There has to be a better way to help companies collect cash faster instead of just waiting for 30, 60, or 90 days.
How we accomplish that goal: Provide capital to small and medium-sized businesses based on their invoices. No personal guarantee, no equity dilution, no minimums, just working capital when you need it.
Invoice funding is an idea that’s centuries old, we just applied technology to the problem and got the word out that there’s a better solution than waiting for your invoices to eventually get paid. Or the other pain of going through weeks (or even months) of due diligence with a bank before you even get approved. First of all, who has the time to do that when you have a cash flow issue right now. Secondly, who has the time to do that when you have a business to run?
Waiting 30, 60, or even 90 days can make or break a company. We’re here to change things up and provide the working capital and be a growth partner to help your company grow faster.
We’re excited to get to work here in 2019 and will share new ideas and insights with you along the way.
Alex Newmann is the Founder and CEO of FinanceFuel based in Chicago. FinanceFuel accelerates a business’ cash flow by funding outstanding invoices. You can learn more about FinanceFuel on our website or, if you’re interested in speaking directly with a member of our customer success team, send us a note (email@example.com) and we’ll get back to you right away.