Finding working capital solutions in Boston, MA can be a challenge for local business owners. Traditionally, all working capital solutions in Boston, MA were handled by banks and similar institutions. Unfortunately, the high access requirements of exclude small business owners in the Boston area from securing traditional working capital loans. However, there are a number of working capital solutions in Boston, MA which are both affordable and accessible for businesses of all sizes.
Purchase Order Financing
Purchase order financing offers working capital solutions in Boston, MA for businesses focused on rapid growth. Purchase order financing provides an advance in working capital which can be used to take on large and unexpected customer orders which would normally place a strain on resources. Purchase order financing does not force business owners to assume any unnecessary debt, and allows entrepreneurs to take on orders which would otherwise go to larger competitors.
Accounts Receivable Financing
Every year, small businesses in the Boston area undergo a financial strain due to staggered or late payments on open customer invoices. Accounts receivable financing is one of the best working capital solutions in Boston, MA, for businesses with unsettled customer accounts. Instead of waiting 30 days or longer to receive payments from customers, accounts receivable financing converts open invoices to cash within 24 hours. This allows businesses to eliminate their backlogs of open invoices, and get the revenue they deserve as invoices are generated.
Asset Based Lines Of Credit
Rather than taking out loans, a number of local businesses are leveraging their assets to create lines of credit. Asset based lending takes into account the value of things such as equipment, inventory, receivables and more to create a revolving line of credit which businesses can use as they need. Of the working capital solutions in Boston, MA, asset based lending is the only one that grows with your business to promote long-term success.
Merchant Cash Advances
Merchant cash advances offer debt-free working capital solutions in Boston, MA for businesses that need capital to cover financial obligations, complete internal projects, or prepare for have seasonal sales periods. Merchant cash advances also do not lock business owners into rigid payment schedules, and instead offer the flexibility entrepreneurs demand.
Get The Best Working Capital Solutions In Boston, MA
At Clipper Commercial Capital, we offer a wide range of working capital solutions in Boston, MA. Contact our team today. We will work with you to understand your financial needs, and structure a customized working capital solution to help you reach your goals.