FactoringDepot is now part of Corporate Finance New York. Factoring and purchase order financing for start-up manufacturers and the larger manufacturing companies. FactoringDepot understands that these are challenging times for companies in the manufacturing sector. Order books are declining, margin pressures are increasing and you're expected to keep up with an ever-increasing array of regulations.
We can help improve cash flow by providing funding against the value of your outstanding invoices or purchase orders. Then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we receive payment from your customer.
This means your business has access to an ongoing supply of cash linked to your sales. So as your business grows, so does the amount of funding available to you. You can use this cash to put growth plans into action.
In addition to the cash that we provide, we can also save you valuable management time. Time better spent focusing on growing your business. We provide a receivables management service where we pursue and collect outstanding invoice payments from your customers on your behalf, so that you have more time to concentrate on generating new business. We will prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions. We will provide you with 24-hour online access to your reports, including scanned images of the checks that we receive.
You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you. For a quick factoring quote, please send us this short-form. For additional information, please call us at 800-608-0530 or email us1 (800) 608-0530 START THE FUNDING PROCESS