Business financing is an industry with many avenues. From bank loans to factoring services and solutions, business owners have more options than ever at their disposal. Small businesses should keep in mind the needs of their companies and remember that all products are not created equal. Although the end result of any finance product is money in the hands of the recipient(s), there are several factors that make each product different.

Bank loans work on fixed formulas and qualifiers that may exclude businesses from obtaining use of their services and solutions. They also require recipients to submit fixed payments at set times regardless of business cycles and seasonality.

Government grants are a sought-after but rarely attained financial solution. Because they are often given as “free” money and so few are given, businesses must meet very stringent qualifications to receive this type of financing.

Accounts receivable factoring companies offer services in which they purchase receivables at a discount. This is an option explored by businesses that may not qualify for bank loans or financing. Because it is based on current or future sales, business owners need not prove their financial viability to the extent a bank may expect.

Conquest, Inc. offers services and solutions similar to that of a factoring company but with several key differences. We offer cash up-front to our customers based on future credit card sales. Each qualifying transaction that takes place is collected towards the amount funded to the recipient. There is no fixed payment or schedule and more is collected when there are more sales and vice versa.