Is your company unable to wait up to 60 days to get paid by its clients? This is a common problem for many small companies and 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 Alaska and can provide you with the business financing that your business needs.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online factoring quote!
Questions? (866) 7301922. Toll free in Alaska.
Funding for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Alaska.
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 trade 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 Alaska 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 work with us?
Getting business financing can be very challenging for small and mid sized companies. Most lending institutions - especially banks - are conservative in nature and will only provide funding to companies that have strong financial statements and have been in business for many years. Our factoring program provides an alternative for companies that have cash flow problems but cannot qualify for bank funding.
What is factoring?
Factoring is a for of financing that allows companies to sell their invoices to a factoring company in exchange for immediate funds. INstead of waiting up to 90 days, your get access to immediate funds. You can use these funds 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.
Accounts receivable factoring 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 receivable factoring line is based solely on how many invoices you can produce. In other words, your financing is based in your company sales.
If your company is expanding and canít afford to wait up to 60 (or 90!) days to get paid by your clients, then receivables factoring may be the right solution for you.
Need more information about factoring?
Not use about our services? Here is some additional information:
- What is factoring?
- How to select a factoring company
- Anatomy of a purchase order financing transaction
- Financing an oil field services company with factoring
- Factoring financing for small freight carriers
- Common issues with factoring your invoices
Questions? Call (866) 730 1922. Toll free in Alaska.