Waiting 30 to 90 days to get paid by clients can create cash flow problems for small business owners. Having unreliable cash flow affects your ability to pay employees, suppliers, and other expenses. This payment delay limits your ability to manage your company effectively or take on new opportunities.
Our financing solutions provide you with dependable cash flow. They help small and midsize businesses that need working capital to improve operations and pursue growth opportunities.
- Two decades of experience
- Simple qualification requirements
- Competitive rates
- The ability to get you funded quickly
- Expertise in many industries
Helps companies whose clients pay in 30 to 90 days. Factoring provides immediate cash flow to cover company expenses. Available to companies of all sizes.
Helps trucking companies whose shippers and freight brokers pay in 30 to 90 days. Provides funds to pay for drivers, fuel, and other expenses. Available to companies of all sizes.
Helps companies that have outgrown their factoring lines. Sales ledger financing behaves like a line of credit tied to your A/R. Requires a minimum volume of $300,000.
Helps subcontractors whose commercial clients, GCs, and builders pay in 30 to 90 days. Provides funds to cover company expenses. Requires a minimum A/R volume of $50,000.
Helps healthcare companies that invoice third-party medical insurance companies. Provides funds to cover payroll and other expenses. Requires a minimum A/R volume of $100,000.
Helps companies that have a purchase order from a large client and need funds to fulfill it. Helps cover direct supplier expenses enabling you to fulfill the order.
Would you like an instant quote?
Get an instant online quote to see how affordable our services are. We can offer factoring rates as low as 1.15% based on your volume and industry. Rates for other products vary. Call us toll-free at (877) 300 3258 to speak to a representative.
Solution: Factoring financing
Invoice factoring helps your company with tight cash flow because customers pay their invoices in 30 to 60 days. It enables you to finance your accounts receivable and get funds quickly.
Factoring provides working capital, which you can use to pay expenses or invest in new opportunities.
To learn more, read “What is Factoring?”
1. Clear advantages
Factoring has many advantages over other options, including:
- Available to small businesses
- Easy to get
- Provides predictable cash flow
- Mitigates effects of slow payers
- Helps you manage customer credit
- Can be used selectively
- Grows as you need it
- Can be used short term
2. Qualification criteria
Qualifying for a factoring line is simple. To qualify, your company must have:
- Good commercial/government clients
- Reasonable gross margins
- A/R that is free of liens
3. How does factoring work?
Factoring companies finance your invoices from business clients that pay in 30 to 60 days. Invoices are usually financed in two installments, depending on your industry.
The first installment is called the advance. It covers around 85% of your invoice. The funds are deposited into your bank account shortly after the factoring company processes the invoice.
The transaction settles once your customer pays the invoice after 30 to 60 days. The factoring company deposits the remaining 15%, less their fees, into your bank account.
To learn more, read “How Does Factoring Work?”
4. High advances
The size of the advance is an important consideration for business owners. Most business owners want the highest possible advance since it provides the most funds.
We offer high factoring advances which help improve your cash flow. Advances are determined by your industry and risk profile.
The average advance is 85%. However, specific industries like transportation and staffing qualify for substantially higher advances.
5. Competitive rates
We offer competitive factoring rates that range from 1.15% to 4.5% per 30 days. These rates vary by customer.
Factoring companies determine the rate based on your company’s size, industry, and risk profile. In general, larger transactions qualify for lower costs. The cost of factoring varies based on your industry and size. For an instant quote, submit this form or call us toll-free at (877) 300 3258.
For more information about costs, read “Typical Factoring Costs.”
6. Available in most industries
We can provide financing in most industries, including:
If you are looking for a factor, consider reading “How to Select the Best Factoring Company for Your Business,” which offers some important advice.
Solution: Purchase Order Financing
Purchase order (PO) funding helps product wholesalers with large orders that need funds to pay suppliers. This solution handles the supplier expense of the order, enabling you to complete it and book the revenue.
1. Clear advantages
Purchase order funding offers several benefits to small business owners. These include the following:
- Pre-delivery financing
- Simpler to get than bank financing
- Grows with your revenues
- Available to small companies
- Line size is not restricted by your company’s size
2. Qualification criteria
Purchase order financing has comparatively simple qualification requirements. Companies must:
- Be a product reseller
- Have minimum gross margins of 20%
- Have minimum orders of $100,000
- Have sold the product before
- NOT manufacture products directly
To learn more, read “Purchase Order Financing Qualification Requirements.”
3. How does PO financing work?
Financing an order is relatively simple. After the initial underwriting, the finance company reviews the order and supporting documents.
Once the transaction is approved, the finance company pays your supplier with a Letter of Credit (LC). The LC enables your supplier to manufacture and deliver the goods. This fulfills the order.
The transaction can be settled through a factoring line or waiting until the customer pays the invoice. For detailed information, read “What is Purchase Order Financing? How Does it Work?”
4. PO funding costs
The cost of PO financing varies based on your industry and size. For an immediate quote, submit this form or call us toll-free at (877) 300 3258.