Invoice Factoring
Invoice factoring is designed for cash flow. It provides a constant flow of capital on aged receivables; it can also help businesses grow by having the option of offering credit terms to their customers.
There are many benefits to factoring:
- Meet payroll regularly
- Non-recourse factoring (the factoring company assumes the risk for non-payment by any customer we are factoring for you)
- Factoring in the millions for your company's continued growth
- Facilities tailored to fit the client's funding needs
- Advances up to 97% (trucking)
- Advances up to 95% (freight brokers)
- Advances up to 95% (Staffing)
- Advances up to 95% (other industries)
- Complete online access to your account
- Perform free credit checks on your customers 24/7
- Invoicing and collections included
- Short-term or open-term facilities
- Competitive rates and flexible terms
- Fuel Card for savings at the pump and added convenience (trucking-transportation)
- Free load board to help carriers have full loads on each trip (trucking-transportation)
- Startups to well-seasoned businesses
- Simple application process
- Plus other features
Factoring is a funding option for companies that may struggle while waiting up to 90 days to get paid by their customers. It also helps companies secure new customers by granting them credit, which is something many businesses are demanding from their product and service providers and suppliers.
Factoring provides a constant flow of capital, allowing companies to operate with confidence with the knowledge that payment will be received within a few short days after invoicing their customers for up to 90 days or longer in some cases, and it doesn't matter if your business is in the red or in trouble; we can fund many situations.