Who We Help

If your customers take a long time to pay and you are struggling to manage your cash flow, use a Cash Advance company for all or some of your purchase orders or invoices. If you have faced financial challenges in the past, such as bankruptcy, tax liens, or low credit scores, Cash Advance offers a reasonable source of working capital, because your application for factoring is evaluated on revenue, time in business, and cash flow history of the company.

Who uses Cash Advance?

Cash Advance works for companies of all sizes from a variety of industries. Companies that conduct business-to-business sales and issue invoices with payment terms are good candidates for the benefits of Cash Advance.

Who needs Cash Advance?

Cash Advance works for companies of all sizes from a variety of industries. Companies that conduct business-to-business sales and issue invoices with payment terms are good candidates for the benefits of Cash Advance.

Will I need to Cash Advance a certain amount?

At the Family Business Fund, you can speak with a Cash Advance specialist to see if your volume of credit card, debit card, invoice receivables, and purchase order sales per month will be appropriate for you. We will never overextend you. Our professional underwriters will let you know exactly what works best for you and your company.

When should you use a Cash Advance company?

If your customers take a long time to pay and you are struggling to manage your cash flow, use a Cash Advance company for all or some of your credit card, debit card, invoice receivables, and purchase order sales. If you have faced financial challenges in the past, such as bankruptcy, tax liens, or low credit scores, Cash Advance offers a reasonable source of working capital, because your application for Cash Advance is evaluated on revenue, time in business, and cash flow history of the company.

What are the advantages of Cash Advance versus a bank loan?

Unlike a bank loan or line of credit that must be paid back, with Cash Advance, you are simply receiving an advance on what you are already owed. While banks require great credit, Cash Advance companies do not. You are not borrowing money; you are expediting payment without waiting weeks or months for customers to pay.

How fast can you receive funding?

At the Family Business Fund a wire transfer into your bank account can be received within an hour or two of approval with a deposit going into your bank account within 24 hours.

Quick access to cash.

Bank loans typically have a lengthy application process and you could wait for six weeks before receiving a loan or a line of credit. With Cash Advance, you can get access to the cash that is sitting in your credit card, debit card, invoice receivables, and purchase order accounts receivable within a few days. As soon as the Cash Advance company receives all the requested documentation, and with approval, you will receive your advance promptly.

Working capital with no extra lines of debt.

Many companies want to avoid taking on more debt, especially for day-to-day operations. When you borrow from a bank or an online lender, you add another loan that must be paid off out of unknown future income. Cash Advance is not a loan; you accumulate no debt for an advance on what you’ve already earned.

Flexible funding arrangements.

Top-tier Cash Advance companies offer flexible cash advance terms that can be lowered when your sales volume increases and increased when your sales volume decreases. It allows you to be in control of your cash flow.

Increased ability to work for larger customers and those with extended payment terms.

If you have had to turn down larger contracts because you did not have the resources to cover the costs of the job before your customer pays you, Cash Advance will give you the cash flow to take on that customer’s jobs. You can also work with customers with long payment terms and no longer have to limit yourself to jobs that pay quickly.

No limits on funds.

The money you receive from the Cash Advance company can grow as your receivables grow. The only constraint is the need to work with creditworthy customers. Your funds, however, are not subject to spending restrictions. With a business loan, your spending will often be monitored, and you are required to use the money that you borrowed for pre-approved purposes. With Cash Advance, you are free to spend the money you have earned as you see fit.

Value-added benefits and services.

The Family Business Fund is run by small business owners. They understand inventory, cash flow, accounting, and expansion. We can consult with your company on best business practices if needed.

What is a Cash Advance agreement?

A Cash Advance agreement is a document you sign with your Cash Advance company outlining the expectations and requirements of the transaction. Agreement specifics vary, but Cash Advance agreements basically outline the process, each party’s responsibilities, the length of the agreement, and the fees. The Cash Advance agreement, or contract, will include a breakdown of the costs associated with Cash Advance. The factor rate is what clients are charged to receive their funds in advance of customer payment. This Cash Advance rate is expressed in a percentage of the original amount of the credit card, debit card, invoice receivables, and purchase order sales. Advance rates vary, depending on the type of industry involved and the value of the transaction and could range from 1.29 to 1.49.