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Hi. My name is Terry, and I'm the President of Quicksilver Accounting & Consulting,  Wilmington NC.

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« Budgets are like squirreling away cash for the future | Main | Pricing on Purpose, Creating and Capturing Value »
Saturday
Oct102015

Need cash now? What small business doesn't?

I'm always sitting in on webinars for the various groups I belong to looking for good products to grow my company, and help my clients as well.  A few weeks ago I saw a presentation I thought was kind of outstanding.  Why? Because it was easy to use, stress free, and not expensive.  I've taken my second look at this, and it really is fair and transparent.

I'm talking about FUNDBOX.  This isn't factoring.  FUNDBOX is an App you tie to your QuickBooks file.  I brings your open invoices in, and once you are approved, all you have to do is click the invoice, and the next day the money is in your bank account.  The fees are  lower than other types of funding and are dependent on your background which I would think is mostly supplied to them from your own QuickBooks file, plus other data they easily obtain.  The range isn't that wide, so don't let that scare you away.  And you pay interest only on the time period you keep the loan open, no penalty for early payment. 

For instance, you need $10,000 now for a project or equipment,  and you only have $3000. You need about $7,000 more to accomplish it. You find an invoice (or two) that would give you the amount- click those, and the next day you have the cash minus the fee. Lets say the invoices are paid by your clients the very next month-  you pay off the loan and have only one month of interest to pay. You never give up control of the invoice, or your client.   Now that is super!The current repayment time is over 12 weeks.   Don't sign up for those companies offering 20% interest and daily debits from your bank account!

Check it out,  do your due diligence and if its seems right for you, you can apply and connect it all online in a short amount of time. 

https.fundbox.com

 

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