Invoice Factoring - Indiana
Are slow paying commercial or government customers creating havoc with your cash flow? Offering payment terms to customers is a requirement in today's environment. However, few small or growing companies can afford to wait up to 8 weeks for payment. This puts them in a bind because they must offer terms if they want to keep the customer.
This is a problem that can be solved by factoring invoices. You can use invoice factoring to finance your slow paying invoices. This will improve your cash flow and give you the funds you need to pay expenses and to make new sales. We offer invoice factoring in Indiana and offer competitive plans.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online factoring quote!
Questions? (866) 7301922. Toll free in Indiana.
Financing for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Indiana.
Funding for trucking carriers and freight brokerages.
This product provides the necessary funds to pay your suppliers and deliver on your orders.
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 Indiana 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 factoring?
Factoring is a financial product that enables companies to finance their open invoices. They sell the financial rights to their invoices to a factoring company who provides immediate funding. Instead of waiting up to 8 weeks to get paid, you get an immediate cash infusion that can be used to pay critical business expenses, such as suppliers, rent and employees.
The transactions have a very simple structure:
- You deliver your product or service
- You create an invoice and sent it to the factoring company and to your client
- You get an immediate advance of 70% to 90% of your invoice
- The factoring company gets paid by your client 30 to 90 days later
- You get a second installment (the remaining 10% to 30%), less a small fee.
Accounts receivable factoring has a number of advantages over other business financing products. It is easy to qualify for and can usually be setup in days. The most important benefit, thought, is it's flexibility. The size of the line is determined by the amount of your invoices and their quality. The receivable financing line can increase as your revenues from qualifying customers grows. Few products have this important feature.
If your company is growing and you canít afford to wait up to 8 weeks to get paid by your clients, then receivables factoring is the right solution for you.
Are you researching factoring? Then, these articles may help:
- What is factoring?
- How to select a factoring company
- Understanding purchase order finance
- Freight factoring financing for transportation companies
- How to get the best factoring rates
- Invoice factoring for healthcare staffing companies
Questions? Call (866) 730 1922. Toll free in Indiana. We offer plans in the USA and in Canada.