Accounts Receivable Factoring - Iowa
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 invoice factoring. 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 Iowa and offer competitive plans.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online quote!
Questions? (866) 7301922. Toll free in Iowa.
Financing for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Iowa.
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 Iowa 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 / Info gurus, 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 is a tool that allows companies to finance their invoices through a factoring company, who provides immediate funding. The funds can be used to cover expenses such as payroll, supplier payments, and rent. Invoice factoring enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.
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 great advantage over other business financing products, such as a business loan. The product is easy to qualify for and the line can be setup in days. More importantly, the line has no set limits and can increase with your revenues. The amount of 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 70 days 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?
- What is invoice factoring?
- What is a/r factoring?
- What is PO financing?
- What is freight bill factoring?
Questions? Call (866) 730 1922. Toll free in Iowa. We offer plans in the USA and factoring in Canada.