Georgia - Factoring and Purchase Order Finance
Canít afford to wait up to 60 days to get paid by your clients? Is this creating cash flow problems for your company? This situation is common for growing companies and can be solved by using invoice factoring. Invoice factoring allows you to turn your invoices into immediate liquidity, giving you the funds you need to cover important expenses. We offer invoice factoring services in Georgia and can provide you with flexible business financing solutions.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online factoring quote!
Questions? (866) 7301922. Toll free in Georgia.
Financing for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Georgia.
Funding 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
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.
Financing for businesses that supply services and products to Georgia 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 financing tool that allows companies to sell their invoices to a factoring company in exchange for immediate funds. This eliminates the need to wait 30 to 90 day to get paid and provides you with immediate 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 works as follows:
- You deliver your product / service and invoice your client
- You send copies of your receivables to the factoring company (the finance company)
- The finance company advances you the first installment. It's for 70% to 90% of your invoice
- The funding company gets paid by your client 30 to 90 days later
- The finance company rebates you the second installment (the 10% to 30% reserve), less a small fee.
Accounts receivable financing has an advantage over other business financing solutions , such as lines of credit. First, it's easy to qualify for and can be deployed in days. Also, the line is designed to grow as it is indexed to your sales to credit worthy commercial/government clients. If your company is growing and has cash flow problems due to slow paying customers, you should consider factoring your invoices.
Need more information?
Try reading these articles about factoring and business financing.
- What is factoring?
- How to select a factoring company
- Accounts receivable factoring - an exciting alternative to business loans
- Financing for freight brokers
- Advantages of invoice factoring
- Invoice factoring for life sciences staffing companies
Questions? Call (866) 730 1922. Toll free in Georgia.