Product Startup 099: Accounts Receivable Funding for Big Orders
Steven is the Founder and CEO of FundThrough, a North American accounts receivable firm that has provided billions of dollars in bridge financing to help small businesses scale. His firm is also a fellow recipient of the Best Places to Work Award. Today Steven is going to share some valuable knowledge on how inventors, startups, and small manufacturers can understand how big buyers like wholesalers, distributors, and retailers use credit terms when purchasing your products, and what you can do to bridge the gap between delivering your product and getting paid, something which is quite important for a small and scaling consumer product business.
Today you will hear us talk about:
- Bridge Financing, Accounts Receivable financing
- It allows you to pay your suppliers
- The clock doesn’t start ticking on you getting paid until the invoice gets through.
- Get your invoices paid faster
- How bridge financing helps with scaling
- Small businesses that land a big sale
- Larger customers have a lot more control on how they get paid
- Use Quickbooks Online, makes financing very easy
EPISODE LINKS
Steven Uster / FundThrough Links:
- Website: https://www.fundthrough.com/
- LinkedIn: https://www.linkedin.com/in/stevenuster/
The Product Startup Podcast Links:
- Website: https://www.ProductStartup.com/
- Instagram: https://www.instagram.com/ProductStartup/
- LinkedIn: https://www.linkedin.com/company/ProductStartup/
- Facebook Page: https://www.facebook.com/ProductStartup/
- Facebook Group: https://www.facebook.com/groups/ProductStartup/
- Pinterest: https://www.pinterest.com/ProductStartup/
- Twitter: https://twitter.com/ProductStartup
- YouTube: https://www.youtube.com/MakoInvent
Mako Design Links:
- Website: https://www.makodesign.com/
- YouTube: https://www.youtube.com/MakoInvent
- Instagram: https://www.instagram.com/MakoInvent/
- LinkedIn: https://www.linkedin.com/company/MakoDesign/
- Facebook: https://www.facebook.com/MakoInvent/
- Pinterest: https://www.pinterest.com/MakoInvent/
- Twitter: https://twitter.com/MakoInvent/
Kevin Mako Links:
- Instagram: https://www.instagram.com/Entrepreneurs/
- LinkedIn: https://www.linkedin.com/in/KevMako/
- Quora: https://www.quora.com/profile/Kevin-Mako
- Facebook: https://www.facebook.com/KevMakoPage/
- Twitter: https://twitter.com/KevMako/
About: MAKO Design + Invent is the original firm providing world-class consumer product development services tailored to startups, small manufacturers, and inventors. Simply put, we are the leading one-stop-shop for developing your physical product from idea to store shelves, all in a high-quality, cost-effective, and timely manner. We operate as one powerhouse 30-person product design team spread across 4 offices to serve you (Austin, Miami, San Francisco, & Toronto). We have full-stack in-house industrial design, mechanical engineering, electrical engineering, patent referral, prototyping, and manufacturing services. To assist our startup and inventor clients, in addition to above, we help with business strategy, product strategy, marketing, and sales/distribution for all consumer product categories. Also, our founder Kevin Mako hosts The Product Startup Podcast, the industry’s leading hardware podcast. Check it out for tips, interviews, and best practices for hardware startups, inventors, and product developers. Click HERE to learn more about Mako Design + Invent!