It's a proven factÉmost business startups that fail do so because of insufficient working capital. In the early years of business, it can be stressful to find the financing you need to get your business off to a strong start. That's especially true for California business startups dealing with: significant startup costs limited financial resources money tied up in accounts receivable little credit history Compounding the problem is the difficulty that business startups face in obtaining financing because of strict requirements set by traditional lenders. California business owners often turn to factoring to help them keep their cash flow strong and flexible. How factoring helps California business startups There's a saying in business-Òit takes money to make moneyÓ. That's especially true for California startup businesses that are still building their client base at a time when initial startup expenses are high. Because factoring is based on the creditworthiness of a business's customers (not the business's credit rating or financial strength) qualifying for factoring is easier than a bank loan. The usual obstacles, like a startup's limited credit history, no longer come into play. As long as the startup company does business with creditworthy customers, they qualify for factoring. What is factoring for California business startups? What if, instead of waiting 30, 60 or 90 days for your customer to pay, you could issue an invoice and receive cash in 24 hours? Factoring for your California startup business does just that. What is accounts receivable factoring? Simply, Accounts Receivable Factoring is selling your accounts receivable invoices to a factoring company at a discount in exchange for immediate cash. The factoring company pays you up to 90% of the invoice amount within 24 hours of you delivering your produce or service. The balance, minus a small factoring fee, is paid to you once the factoring company receives payment from your customer. The factoring company's receivables management experts advance you cash, check credit reports and collect receivables. Your customers will appreciate the professional efficiency. You'll enjoy steady cash flow to keep your business startup healthy. And, you can focus your time where it countsÉgrowing your California businessÉnot chasing receivables or worrying about cash flow. By factoring your accounts receivable for your business startup you get ready cash to: make payroll pay for operating expenses purchase equipment take advantage of early payment or bulk purchase discounts For more information about factoring for your California startup business, visit www.accutraccapital.com.