Factoring Financing in Delaware
Is your company waiting up to 60 days to get paid by customers? Is this creating cash flow problems and jeopardizing your ability to run your company? If so, we can help you. We offer receivables factoring, which allows you to turn your invoices into cash though a very simple financial transaction. We offer services in the state of Delaware and can provide you with a funding solution to meet your needs.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online quote!
Questions? (866) 7301922. Toll free in Delaware.
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Funding for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Delaware.
Financing for transportation carriers and freight brokerages.
This product provides the necessary funds to pay your suppliers and deliver on your orders. Purchase order financing is ideal for resellers, distributors or companies that need a letter of credit to pay suppliers
Financing for subcontractors of every type in the building trade.
Financing for businesses that supply services and products to Delaware state agencies and to the federal government.
Financing for companies that provide guards for commercial, industrial and government sites.
Financing for staffing employment in the business and medical fields.
Factoring for new businesses, small office/home office (SOHO), consultants, independent professionals or any business with less than $250,000 in revenues.
Specialized program for healthcare practitioners and medical providers that bill private insurance companies, Medicare and Medicaid.
What is invoice factoring?
Factoring is a tool that allows companies to sell their invoices to a factoring company in exchange for an immediate payment. Instead of waiting up to 60 days to get paid by your customers, a factoring company advances funds against your open accounts receivable which provides immediate liquidity. Invoice factoring enables growing businesses that may not have conventional collateral to leverage their strongest asset - their invoices form strong credit worthy clients.
Our business financing solution is simple to use:
- You deliver your product or service and invoice your client
- You submit the invoices to the finance company
- The finance company advances the first installment. 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
Factoring companies offer a great advantage over other business funding solutions, such as business loans or lines of credit. It is easy to qualify for and can be setup in days. More importantly, it has no set limits and can grow with your revenues. If your company is growing and you canít afford to wait up to 60 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 purchase order funding helps government contractors and resellers
- Alternatives for companies that can't get business loans
- What is freight factoring?
- Is factoring invoices right for your company?
Questions? Call (866) 730 1922. Toll free in Delaware.