Thousands of small and medium-sized businesses in the U.S. have used NowAccount to increase their operating capital. Create growth without debt.
NowAccount’s alternative business financing solution is designed for continuous and sustainable growth — without the risks associated with loans or factoring. NowAccount is a better solution to traditional financing and invoice factoring solutions for your business.
FIXED RATES NowAccount is unlike traditional invoice factoring. Now charges a one-time, flat service fee, so you won’t get hit with any surprise interest rates or scary rate escalations; instead, you can enjoy knowing exactly what the transaction fee will be to plan accordingly.
NON-RECOURSE & NO HOLDBACKS Now also pays you the value of the invoice up front, minus a flat fee, and offers non-recourse financing without an additional charge, so you won’t have any revenue held back until your customer pays, and you’re not responsible for non-payment if they fail to do so.
NO ADDED LIABILITIES NowAccount also offers better terms than traditional financing. You won’t have to mark a liability on your balance sheet like traditional financing because you aren’t taking on debt or paying interest. You simply get paid faster, which you book as revenue, and pay a flat fee, which you book as a business expense. Your balance sheet remains strong, and in some instances, gets stronger, so if you need to apply for a loan in the future, you’re more desirable to your lender.
USE ALONGSIDE BANK LOANS You can also use NowAccount alongside your bank loans should you use them to expand your business. Choosing to use NowAccount as a financing solution feels just like accepting a credit card from your customer. You get paid quickly with the added bonus of still extending credit to your customers. You know exactly what fee you’ll be charged, and you have the peace of mind in guaranteeing payment.