Lawyers: Cash on Hand

It’s not hard to understand why attorneys require a retainer.  They want to make payroll and keep their doors open. 

 Most small businesses can’t make that ask.  

That’s why they must have Reserve Capital, a Lending Source or a Financial Partner.

We are a Lending Source that acts like a Financial Partner – however we take no equity.  But we do supply the cash needed for our clients to operate efficiently.  Very simply, we fund up to 90% of our clients’ invoices as they submit them.  They in turn, make payroll with ease and pay bills on time – they also have the needed funds for growth as the opportunity arises.

Accounting professionals know the true value of cash on hand.  And you see the struggles your clients endure when their customer payment terms are extended. 

It has been my experience, over the years commercial remittance has slowed significantly – we all know that today - 30 day payment rarely exists - and as such, this delay has placed a greater burden on small businesses – mainly because Payroll and numerous G&A obligations will not wait.

I am attaching a cash flow forecast derived from a typical business client.  It projects 6 months of Capital demands on ownership and it compares those demands with the relief that we provide.  The forecast is compelling.  At the end of 6 months - Instead of investing over $150,000, virtually all needed capital can be invested by USIF at a net cost of $24,000.

As I have stated in my videos, I’m biased. As an operator I utilized factoring to rapidly grow two companies without sacrificing equity.  

If you have B2B clients struggling with their lack of cash on hand.  Please, give us a call – we are here to help.

View the corresponding video today on YouTube.