Canít afford to wait up to 60 days to get paid by your clients? We can help you. Invoice factoring allows you to turn your invoices into cash though a very simple financial transaction. We offer invoice factoring services in the state of Alabama and can provide you with the business financing that your company needs.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online factoring quote!
Questions? (866) 7301922. Toll free in Alabama.
Alabama product selection:
Funding for small and medium sized companies in the service, wholesale, janitorial, and manufacturing sectors that are located in Alabama.
Financing for transportation companies and freight brokers of all sizes
Financing for small and medium sized distributors, importers and resellers
Funding for small and medium sized export companies that sell goods and services to customers outside the US and Canada
Financing for subcontractors of every type in the building trade.
Funding for businesses that supply services and products to Alabama state agencies and to the federal government.
Financing for companies that provide security guards to commercial, industrial and government sites.
Financing for staffing and temporary employment in the business and medical services field.
Financing for small office/home office (SOHO), consultants and independent professionals
Why use our services?
Trying to get a business loan can be a challenge for small and mid sized companies. Most lending instructions are conservative by nature and will only provide funding to companies that meet their requirements in terms of size, assets, and profitability. We work with companies in Alabama that have cash flow problems but can't qualify for conventional financing.
What is invoice factoring?
Factoring is a tool that allows companies to sell their invoices to a factoring company in exchange for immediate funds. This eliminates the usual 30 to 90 days wait to get paid, and provides you with quick money to pay employees, suppliers and rent. Invoice factoring enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.
It is very simple to use.
- You deliver your product or service and invoice your client
- You sell your invoices to the factoring company
- The factoring company advances you the first installment immediately (called the advance). The advance is between 70% to 90% of your invoice
- The factoring company gets paid by your client 30 to 90 days later
- The factoring company rebates you the second installment (the 10% to 30% reserve), less a small fee.
It has a great advantage over other business financing products, such as business loans. It is easy to qualify for, can be setup in days and more importantly, it has no set limits. Your line is based solely on the quality of your invoices and the size of your revenues.
If your company is growing and you canít afford to wait up to 60 (or 90!) days to get paid by your clients, then receivables factoring is the right solution for you.
Need more information?
Still undecided about our services? Here are some articles that may help you:
- What is factoring?
- How to select a factoring company
- Advantages of PO financing
- Your shipper won't offer quick pays? Here is a solution
Questions? Call (866) 730 1922. This call is toll free in Alabama.