Create a Cash Invoice Sample for Production Effortlessly

Cash invoice sample for Production

Robert Benson owner of smart tool and I regularly face cashflow shortages due to the nature of the manufacturing industry as a normal course of business after making a sale he paid his suppliers produced his product and then invoiced his customers with net 60-day payment terms meanwhile he needed money to make payroll purchase raw materials and make payments for other overhead costs to cover his cashflow shortage he exhausted options with traditional high interest bank loans credit card advancements and loans from family cash was in such short supply that he even asked his engineers to wait an extra week for their paychecks Robert didn't want to turn down new business nor did he want the layoffs good employees so he searched for flexible lenders who were willing to work with him his research led him to asset based financing options called factoring receivables although Robert had never heard of factoring receivables financing he learned that Eadie had been around for a long time and was widely used by the manufacturing and fabrication industry for quick and inexpensive cash based on robert's customer creditworthiness in just a few days Universal funding approved Roberts application and advanced him 85% of his accounts receivables balance this allowed him to immediately meet payroll purchase raw materials and fulfill more orders Plus once his customers made payment he received the remaining 15% balance - a small reasonable factoring fee Robert did not acquire any new debt and was able to meet his obligations with a smart decision to factor receivables if you're manufacturing or fabrication shop would benefit from a cash flow infusion call it Universal funding today at 1-800 for zero five sixty thirty-five