Asset Based Lending Solutions for Businesses in Detroit, MI
From startups and small Main Street businesses to restaurants, trucking companies, and large corporations, Detroit generates hundreds of billions of dollars in revenue each year, and that is projected to increase. Every business in Detroit, regardless of size or industry, needs access to reliable solutions to maintain a strong cash flow and grow. KMS Funding Solutions is a locally-based financial firm that provides asset based lending to businesses of all types in Detroit, MI. Our asset based lending solutions can be used for a wide range of purposes to help businesses in Detroit thrive and grow, including but not limited to:
- Building up capital reserves
- Carving out a greater market share
- Courting larger client accounts
- Covering overhead expenses
- Growth plans
- Handling large or unexpected customer requests
- Improving cash flow
- Making payroll
- Mergers and acquisitions
- New products and services
- Rolling out marketing campaigns
- Smoothing out uneven revenue cycles
- Taking advantage of business opportunities
Accounts Receivable Financing
KMS Funding Solutions offers accounts receivable financing for businesses that want to free up revenue that is tied up in unpaid invoices. Our accounts receivable financing eliminates staggered payment schedules of 30 days or longer and turns unpaid invoices into cash within 24 hours so businesses in Detroit, MI can boost cash flow and pivot away from short-term loans to fill in gaps in revenue. Businesses in Detroit that issue invoices with payment windows of 30 days or more can take advantage of the benefits our accounts receivable financing program has to offer. Accounts receivable financing does not impact credit ratings and does not place debt on the balance sheet. Accounts receivable financing from KMS Funding Solutions features:
- Funds available within 24 hours
- No fixed payments
- No debt on the balance sheet
- Preserve credit ratings
- Non-recourse financing
- No upper limits
- No arbitrary loan board decisions
- Financing increases with sales
- Free credit insurance on qualifying accounts
Purchase Order Financing
KMS Funding Solutions provides purchase order financing for businesses that want to position themselves for growth and take on large or unexpected orders without placing a strain on regular operations and productivity. Our purchase order financing is an advance in capital structured around the cost of filling large orders. Once the order has been completed and paid, the purchase order financing is deducted from the invoice and businesses retain the difference as revenue. This allows businesses to take on clients that would usually go to larger competitors and achieve rapid growth without relying on debt-based loans. Purchase order financing from KMS Funding Solutions offers the following benefits to businesses in Detroit, MI:
- Fast funding
- No collateral requirements
- Non-recourse options
Get Started Today
If you own a business in the Detroit area and want to improve cash flow or achieve growth without placing debt on the books, contact KMS Funding Solutions today and ask about our asset based lending programs.