3 Ways BP Financing Helps Businesses Succeed

November 9, 2021

Running a small or medium-sized business requires a lot of learning on the job. Even as an expert in your industry, it takes time to learn all the resources available to keep your company operational when facing obstacles and unforeseen pitfalls.

As a team of professionals with over a decade of experience in trucking and freight, we launched BP Financing to be a vital resource to new business owners. Having experienced firsthand the stress and uncertainty of waiting for slow-paying customers to respond to invoices, we saw the difference in daily operations that invoice factoring makes. We designed our services to empower small businesses with greater liquidity during the gap between sending out invoices and receiving payment. Here are three ways BP Financing helps companies to succeed.

Eliminate uncertainty waiting for customers to pay invoices.

Unfortunately, many small businesses, when they’re first starting, are profitable on paper only. They’re completing customer orders and performing services, but dealing with invoice lag times. Waiting for invoice payments can lead business owners to skip collecting a paycheck and, in some situations, stop business operations while waiting for an influx of cash.

The uncertainty in waiting for invoice payments is a significant source of stress. It can take years to accumulate enough capital to be secure, even when customers are slow to pay or you have to send the invoice to collections.

Invoice factoring eliminates uncertainty by providing business owners with an advance on the payment. While your company’s bank may offer invoice loans, it can sometimes take 30 to 45 days to go through the process for approval. BP Financing offers solutions––and cash––just hours after you upload your information and unparalleled customer service to provide support during a stressful time.

Two middle age business workers smiling happy and confident. Working together with smile on face hand giving high five at the office

Operate with greater liquidity regardless of the status of your invoices.

Using invoice factoring, you can free your company from the uncertainty of waiting for customers to pay their invoices. You get greater liquidity to keep your business operational while you build capital to fund your daily operations. Invoice factoring provides breathing room, whether you’re a fast-growing business, start-up, or overcoming challenges in recent years. You can liberate your business from depending on prompt payment by customers.

Invoice factoring can allow you to seize on new opportunities, stay operational, or eliminate weekly stress from unpaid invoices.

Avoid taking on extra debt.

Invoice factoring isn’t a loan. It doesn’t get added to your business’s debt load, and you don’t have to pay interest on the amount. It’s an advance on the invoice you sent to your customer. The process is straightforward:

  1. Ensure you’ve finished the order for the customer and your paperwork is in good order.
  2. Upload your rate confirmation, Bill of Lading, and invoice to BP Financing. If you need to create an invoice for your customer, we can help with that too!
  3. We deposit up to 95% of the invoice amount into your business account, often on the same day you upload your information.

Factoring provides an advance on money you have coming into your business without overburdening your company with extra debt. Our process is fast and stress-free for busy business owners.

Ships out today

Get money within hours instead of days or weeks when you choose factoring with BP Financing.

We’re a team with over a decade of experience in the trucking industry and understand firsthand the stress of the gap between sending invoices and getting paid. We founded BP Financing to offer stress-free factoring for small and medium-sized companies to operate with greater liquidity across industries.

Factoring isn’t the same as getting an operating loan–think of it as an advance on the money you’re owed by the invoices you send. The exact amount of money you’ll receive varies up to 95% of the invoice amount. Our payment delivery time is always within days of uploading your information–not the weeks it can take with traditional banking.

Contact BP Financing today to learn about how our services can benefit your business.

Image of a woman who work for herself checking on her payment from BP Financing for invoice factoring.