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Kansas City's Trusted Alternative Financing Solutions
Alternative financing is becoming a go-to choice for many businesses today, offering a fresh approach to managing money compared to traditional bank loans. Invoice factoring is a standout option of alternative financing.
It’s a a practical choice for businesses because it doesn’t rely on your credit history or require collateral. Instead, it converts your unpaid invoices into immediate cash, providing a fast and flexible financial solution. It’s a great fit whether you're just starting out or running a well-established company.
With our invoice factoring service at PLEX Capital, you can quickly get the cash you need without the usual wait or hassle of regular loans. Contact us to explore how our alternative financing solutions can help keep your business financially healthy and ready to grow.
Invoice Factoring vs. Other Alternative Financing Options
While there are several alternative financing options available for businesses, invoice factoring stands out for its unique benefits.
- Merchant Cash Advances (MCAs):
MCAs offer immediate funds but come with higher costs and daily repayments tied to sales. This often leads to predatory lending practices, placing businesses at high risk due to the substantial financial burden. In contrast, invoice factoring provides more manageable and predictable repayment terms.
- Peer-to-Peer Lending: This option connects businesses with investors but often requires a good credit score and longer wait times. Invoice factoring, on the other hand, is quicker and more flexible regarding credit requirements.
- Crowdfunding: While useful for project-based funding, crowdfunding is not suited for immediate cash flow needs. Invoice factoring efficiently fills this gap by providing fast access to working capital.
- Lines of Credit: Although flexible, lines of credit typically require good credit and collateral. Invoice factoring offers immediate funds based on outstanding invoices without these stringent requirements.
- Bank Loans: Although flexible, lines of credit typically require good credit and collateral. Invoice factoring offers immediate funds based on outstanding invoices without these stringent requirements.
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Go from application to funding your business.
Maximizing Business Potential with Alternative Financing
Alternative Financing with PLEX Capital offers numerous advantages that can significantly enhance the financial health and growth potential of your business.
Immediate Access to Cash
Instead of waiting for customers to pay their invoices, your business gets immediate cash, which is crucial for covering urgent expenses, payroll, or investing in growth opportunities.
Collateral-Free Financing
Don’t risk your business assets to get the funds you need. This is particularly beneficial for small businesses and startups that may not have extensive assets to use as leverage for funding.
Flexibility for Growth and Expansion
Whether it's expanding your product line, increasing inventory, or taking on new projects, having readily available funds can be a game-changer.
No Credit Constraints
We focus on the creditworthiness of your customers, making it a suitable option for businesses at any stage, including those that might not qualify for traditional bank loans.
Enhanced Cash Flow Management
By converting sales on credit into immediate cash, your business can maintain a steady flow of funds, helping to stabilize operations and plan for the future.
Our Solutions
Versatile for Various Business Sectors
Invoice factoring is ideal for a diverse range of businesses, especially small to medium-sized enterprises facing cash flow issues from delayed payments. Industries like manufacturing, wholesale, staffing, and logistics, where revenue is tied to invoicing, find this solution exceptionally useful.
It provides them with the immediate cash flow necessary to maintain operations, fulfill new orders, and invest in growth opportunities.
Additionally, startups and companies with limited credit history stand to gain significantly from invoice factoring. Since the focus is on the creditworthiness of their customers rather than their own, businesses in the early stages of development, or those recovering from financial setbacks, can access the funds they need.
Frequently Asked Questions
Have a question? We’re here to help.
A Community of Clients and Partners with Proven Results
Don't just take our word for it. Listen to the members of your community who have been able to pay their employees on time and expand their business thanks to help.
Shemeks J
Verified Client Testimony
"In one sentence tell me why you use PLEX Capital? The reason I chose PLEX was that it was an engaging experience and all of my questions were readily answered. How has using PLEX Capital helped your business? It has helped my business to thrive. What is it like working with PLEX Capital? It has been educational and rewarding working with them."
D. Richards
Verified Client Testimony
"Working with PLEX Capital has been an outstanding experience! The level of consistency, professionalism, and reliability that the PLEX team brings to the table has far exceeded my expectations. They are true professionals and experts in their field and a delight to work with!"
The Simple Steps to Getting Funded Today
We pride ourselves on the simplicity of our payroll funding process from start to finish.
1. Sign Up for Free
2. Send Your Invoices
