1. You Do Not Incur Any Debt.
Benefunding does not loan money but instead makes a cash purchase of your assets,so
you do not take on any debt. A purchase is not considered a liability on your
balance sheet and therefore does not affect your ability to qualify for additional
debt financing.
2. An Expandable Line Of Credit. Benefunding’s
purchasing power grows right along with your business’ sales, so as your
sales increase more money is immediately made available to you.
3. No Loss Of Equity. Benefunding purchases
assets so there is never a worry of losing equity.
4. Reduce Operational Overhead.
Benefunding helps improve your bottom line by reducing your overhead costs associated
with processing invoices, including mailing, posting invoices, depositing checks,
entering payments and producing regular reports.
5. Helps You Build Credit. Benefunding
provides a steady stream of adequate cash flow that allows you to pay your bills
on time and start establishing or improving your credit.
6. Elimination of Bad Debt. By selling
your cash flowing asset you no longer have to assume the risk of bad debt, thus
eliminating this liability on your income statement.
7. Funding Time Is Fast. Benefunding
can have cash in your account within days of your application. How many banks
do you know that can operate that quickly?
8. Leverage Off Your Customers’ Credit.
Benefunding basis it’s criteria on the entity paying on your cash flowing
asset, so if your customers have good credit then you do too. Your company does
not need to be creditworthy, protable or meet any of the assorted credit requirements
of banks and other traditional lenders.
9. No Personal Guarantees. Benefunding
does not make you personally guarantee the repayment of the funds advanced to
you. You may have to guarantee against fraud or disputes, but not against customers’
ability to pay. Banks, on the other hand, not only require personal guarantees,
they may also require liens on personal assets such as residences.
10. Application Process Is Quick And Easy.
Benefunding offers a simple application process. You are not required to turn
over tax returns, personal ?nancial statements, business plans, projections,
etc.
11. Concentrate On Marketing And Expanding Your Business.
Benefunding infuses your business with a constant flow of capital and relieves
you of the time consuming task of collections, so you will be able to concentrate
more of your efforts on growing your business.
12. Offer Credit Terms To Customers.
Benefunding allows you to offer credit terms to your customers without negatively
impacting your cash ?ow. This makes it easier for customers to buy from you
and is an explosive way to grow your business.
13. Take Advantage Of Early Payment Discounts.
Benefunding allows you to take advantage of early payment terms offered by your
business suppliers therby greatly reducing recurring costs.
14. Take Advantage Of Volume Discounts.
Benefunding improves your cash flow allowing you to be able to buy in greater
volume from your suppliers and save money.
15. Stop Offering Early Payment Discounts.
Benefunding provides your business with immediate cash for outstanding invoices,
so your company can eliminate discounts to customers as an incentive to pay
their invoices early.
16. Detailed Management Reports. Benefunding
provides detailed management reports that enable you to better run your business
and manage cash ?ow.
17. Invoices are paid faster. Benfunding
reports client payment experiences to Dun & Bradstreet or other credit agencies
so your customers will tend to pay their invoices much faster.
18. No Geographical Limitations. Benefunding
can work with a client in any part of the country and that client can have customers
spread out all over the world.
19. Early Detection Of Customer Service Problems.
Benfunding verifies all invoices so we can discover customer service problems
well before an invoice becomes past and it is too late to salvage the account.
20. Professional Collections. Benefunding
handles collections professionally and productively.
21. Credit Screening. Benefunding provides
credit information on new customers enabling you to make better credit decisions.
22. Credit Monitoring. Benefunding provides
ongoing credit monitoring of existing customers to make sure there is no signi?cant
diminution in their credit status.