Factoring Financing - Idaho
Canít afford to wait up to 60 days to get paid by your clients? This is a common problem for small business owners. If not managed correctly, it can create cash flow problems and jeopardize your ability to pay critical expenses. This problem can be solved using factoring financing. Invoice factoring allows you to capitalize your slow paying invoices, providing the funds you need to operate and grow your company. We offer invoice factoring services in Idaho and can provide you with competitive business financing.
Services in the USA and in Canada.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online factoring quote!
Questions? (866) 7301922. Toll free in Idaho.
Financing for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Idaho.
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 Idaho 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.
Factoring Financing - What is it?
Factoring invoices is a tool that allows companies to sell their invoices from slow paying (but credit worthy) customers to a factoring company in exchange for immediate funds. This improves your working capital and provides predictable cash flow that can be used to cover expenses - and make new sales. Invoice factoring enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.
It is very simple to use and works as follows:
- You deliver your product or service and invoice your client
- You send your invoices to the factoring company
- The factoring company advances you the first installment immediately. The advance is between 70% to 90% of your invoice
- The financing company gets paid by your client 30 to 90 days later
- The funding company rebates you the second installment (the 10% to 30% reserve), less a small fee.
Accounts receivable factoring has a number of advantages over other business financing products. It is easy to qualify for and it can be setup in a few days. The biggest benefit is that it has no set limits. The size of your factoring line is based solely on the size and quality of your invoices - and can grow to support increasing revenues.
If your company is growing and you canít afford to wait up to 60 days to get paid by your clients,you should consider factoring your invoices.
Try reading these articles about factoring and business financing.
- What is factoring?
- How to select a factoring company
- A/R factoring - an exciting alternative to business loans
- Invoice financing for freight brokers
- Advantages of invoice factoring
- Invoice factoring for life sciences staffing companies
Questions? Call (866) 730 1922. Toll free in Idaho.