How to get faster funding and improve cash flow

July 10, 2020

Everyday Funding is a new funding platform designed to fit the way you do business. This recent innovation provides the fastest free/no-cost funding in the payment industry by making funds available within hours, seven days a week.

 

As a business owner, it can be difficult to financially plan when the time between receiving payments from customers and that cash being made available in your account is uncertain. And you’re not alone. Nearly two thirds of small business owners report that this lag has the largest impact on their company’s cash flow.

The reality is that small business owners need to move faster, be more agile and demonstrate the flexibility needed to thrive in the current environment. Unfortunately, the payments industry has, until recently, struggled to adapt to meet this need. On average, small businesses in the U.S. have $53,399 in outstanding receivables.1

COVID-19’s impact on the economy and small businesses has made this need for faster funding even more urgent. This challenging climate makes it crucial for small business owners to be able to access their cash quickly, conveniently and on a schedule that fits their immediate needs.

A more efficient funding timeframe will enable small business owners to:

  • Pay invoices more quickly
  • Track expenses faster 
  • Increase cash flow efficiency 
  • Access real, hard-post funding during their hours of operation

Everyday Funding makes it possible

Everyday Funding is the fastest no-cost (or free) funding solution for small businesses in the industry. It is available at no cost to all U.S. Bank checking account customers with a U.S. Bank Payment Solutions account. It provides quick access to funds so small business owners can improve cash flow without taking on additional expenses. 

 

Funding that keeps pace with business

This platform allows small businesses to have access to their cash within hours, not days. The quick turnaround can happen within a few hours from when you submit a batch for funding. Most importantly, funding happens on your schedule: nights, holidays and weekends. Whether you need to pay an invoice on a Saturday or submit payroll on the Fourth of July, this flexible funding time frame allows small business owners to work when they need to.

While some products may limit funding amounts or settled batch maximums, Everyday Funding removed those limitations to fit the needs of busy businesses.

 

Preparing for the future

Cash flow is crucial to the success of any small business, and small businesses are crucial to the success of the economy and our local communities. Everyday Funding is an innovative cash payment service designed to support these businesses by adapting to the realities of their needs.

 

Ready for next steps? Contact a Payment Solutions consultant to discuss payments options for your business. Get more cash management information and tips to help keep your business running smoothly.

 

1The State of Small Business Cash Flow Report, 2018, Wakefield Research

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Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.