What Types of Distributors Do Our Services Benefit?
When it comes to helping distributors increase their cash availability, we don’t tend to discriminate. After all, the distribution industry in itself is one that helps keep the cogs of the economy as a whole moving smoothly. Without effective distribution, other industries we serve like apparel and consumer goods would be out of products to provide.
Some of the essential industries that benefit from our services include:
- Promotional Supplies
- Office Supplies
- Office Equipment
- Industrial Supplies
- Automotive Parts and Accessories
Tailored Financial Solutions to Fit Your Needs
Our team is ready to tailor an alternative financing solution to match your unique business needs. Whether it’s through accounts receivable financing or an asset-based loan, we will find a way to help you gain the cash your business needs to thrive.
Asset-based lending (ABL) is a revolving line of credit, utilized by a business to obtain working capital financing. The benefit of using asset-based lending in the distribution industry is that your business has everything you need to get your line of credit started.
In an asset-based lending situation, your business uses its assets as collateral for the loan. These assets include:
- Accounts Receivable
- Real Estate
When you work with Goodman Capital Finance’s asset-based lending services, you can skip the months of waiting on a bank loan and get funded within 30-days. This option allows your business to reap the benefits of its assets at maximum rates that can fluctuate as your business grows.
As distributors, you know that customers can sometimes take 30, 60, and even 90 days to pay off their invoices.
You don’t have the time to wait on your clients to drag their feet. Product needs to go out as scheduled, and this costs money. Invoice factoring allows your business to turn unpaid invoices into cash, typically within a 24-hour approval process.
With invoice factoring, there are no credit checks and no debts to pay back. Business owners can sell their unpaid invoices to us, and in return for our fee, will receive the cash they need, quickly.
Goodman Helps You Stay on Top of Your Finances
As a business owner, we understand the importance of maintaining access to your information at all times. We offer a web-based information portal allowing you to see the status of your open invoices, payments, availability, reserves, and much more. You are also provided a dedicated account executive to answer any questions you may have on your account.
Keep Your Distribution Moving With Goodman Capital Finance
Don’t wait 60-90 days to get paid from your customers when you can have access to immediate working capital for your business. At Goodman Capital Finance, our services go beyond just financing. Allow our credit department to access your risk with certain customers and help you guarantee that your financial moves with us are the right steps for your business. If you’re a distributor that is ready to earn more cash without racking up mountains of debt, we are here to help. Contact us today to schedule a consultation with one of our financial advisors. We look forward to working with you to make a brighter business future.