Are you having cash flow problems because you can't afford to wait up to 60 days to get paid by your clients? This is a common problem for businesses and we can help you. Invoice factoring allows you to turn your invoices into cash - which provides the financial resources you need to meet expenses and take on opportunities. We offer factoring services in the state of Arkansas 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 Arkansas.
Funding Options by Industry:
Funding for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Arkansas.
Financing for transportation companies and freight brokers.
Financing for small and medium sized distributors, importers and resellers
Financing for subcontractors of every type in the building trade.
Funding for businesses that supply services and products to Arkansas 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
Finding the right business financing solution for your company can be very difficult. Most small businesses try to get funding from their local lending institution only to be disappointed when they realize that they are unlikely to qualify. Most institutions have very conservative lending standards and will only fund companies that meet their specific criteria. That's where we come in. We can help companies that need funding because they have working capital problems due to slow paying customers.
Factoring is a solution that allows companies to finance their invoices by selling them to a factoring company - in exchange for immediate funds. This eliminates the 30 to 60 days that most companies wait to get paid. It provides you with immediate money to meet payroll, pay suppliers and cover rent. In summary - it 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 company advances you the first installment (called the advance). The advance is between 70% to 90% of your invoice
- The company gets paid by your client 30 to 90 days later
- The 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 the size and quality of your invoices.
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 about factoring?
Try reading these articles about factoring and business financing:
- What is factoring?
- How to select a factoring company
- How to finance a commercial importing business
- An alternative to quick pays in the transportation industry
- Increase your chances of getting factoring financing
Questions? Call (866) 730 1922. Toll free in Arkansas.