Your business is unique and has working capital needs all its own. Accounts Receivable Financing can help your business accelerate cash flow, improve collections, and control exposure to bad debts.
With Greater Hudson Bank’s accounts receivable financing options, you can access cash without having to give up equity in your company and it is less restrictive and expensive than equity financing. Many companies need additional cash flow to support seasonal demands, growth, business opportunities, or solve a short-term cash need. Accounts receivable financing provides your business with flexible and immediate cash that will give your business the opportunity to grow, restructure, take advantage of supplier discounts, hire additional employees, or even to fund payroll.
The accounts receivable financing process will free up valuable time and allow you to do what you do best, service your customers and generate new business. Receivables management is proven to shorten payment turnaround time, which in turn, ensures better cash flow for your company and reduces interest expense.
Our professional and experienced Business Development Officers will work with you to understand what accounts receivable financing solution best fits your business and cash flow needs, and a team of financing specialists will create a working capital solution specialized for you.