Factoring & Purchase Order Financing
Can’t afford to wait up to 60 days to get paid by your clients? Need to pay your suppliers, employees or rent? Factoring and purchase order financing can provide you with the working capital you need to meet your obligations and grow your business. We provide services in the USA and in Canada.
Click here for an instant online factoring quote.
We can offer factoring rates as low as 1.5% (based on industry, volume and location). You can also call us at toll free at (877) 300 3258.
Financing product selection:
Invoice Factoring: Factoring financing helps companies in all industries that cannot afford to wait up to 90 days to get paid by their commercial or government customers. Learn more about invoice factoring.
Transportation Company Factoring: Freight factoring helps trucking companies and freight brokers that cannot afford to wait up to 90 days to get their freight bills paid. Learn more about freight bill factoring.
Medical Factoring: Medical factoring helps medical providers, doctors and diagnostic centers that wait up to 90 days to get their claims paid. Learn more about medical factoring.
Construction Subcontractor Factoring: Helps construction subcontractors by providing an advance on their invoices. Learn more about construction factoring.
Purchase Order Financing: Purchase order financing helps companies that have a purchase order on hand from a large client, and need financing to pay their suppliers. Learn more about purchase order financing.
Would you like an instant factoring quote?
Click here for an instant online quote. We can offer factoring rates as low as 1.5% (based on industry, volume and location). You can also call us at toll free at (877) 300 3258.
What are the benefits of factoring?
Factoring your invoices enhances your cash flow and allows you to meet business expenses and take on new opportunities. The benefits of factoring include:
- Provides you with predictable cash flow and eliminates slow payments
- Flexible financing, as your factoring line is tied to your sales. It’s the ideal tool for growth
- Factoring is easy to obtain. Works well with startups and established companies
- Factoring financing lines can be setup in a few days
How does factoring work?
Invoice factoring provides you with an advance on your invoices that will be paid in the next 30 to 90 days. Instead of waiting for your clients to pay, you get immediate working capital to run your company.
A factoring company will buy your invoices and pay you for them in two installments. The process is simple and has three steps:
- You invoice your client and send a copy of the invoice to the factoring company
- The factoring company advances you 80% as a first installment (this amount varies)
- Once your client pays, the factoring company rebates the remaining 20%, less the factoring fee
Who qualifies for invoice factoring?
Invoice factoring can be used by most companies that engage in commercial or government sales. The most important requirements are:
- Your company must sell to other companies or government agencies
- Your clients must have have a reasonably good track record of payments
- Your invoices must be free of liens or judgments
However, the best way to find out if you qualify is to fill out a factoring quote form and speak with a professional.
What are the benefits of purchase order financing?
Purchase order financing can help resellers and importers grow their businesses by providing the necessary working capital to pay suppliers and deliver large orders. The benefits of po financing include:
- Never worry about paying your suppliers. Purchase order financing can cover up to 100% of your supplier costs
- Your available financing is based on the size of your purchase orders. Purchase order financing is an ideal tool to handle large orders
- Qualifying for po financing is relatively easy. The biggest requirement is that you have solid commercial or government customers
Will factoring or purchase order financing help you?
If would like to know a little bit more about our typical client and what we can do for you specifically, please go to the Client Profiles section. It will help you determine if we are the right solution for you. You can also review what benefits you expect from us by going to the Client Benefits section. You can also learn about our products by reading our financing resources.
Have a question about factoring or purchase order financing?
Do you have a question about factoring or purchase order financing? Want to find out if we are the right factoring company for you? Please call us toll free at (877) 300 3258 to speak to a specialist now. For the best factoring rates, get an online quote now!.