Invoice Factoring in Massachusetts
Does your company have working capital challenges because customers take up to 70 days to pay an invoice? This problem is fairly common and affects small and growing companies. The usual way to solve this problem is to use business financing to cover expenses while waiting for customer payments. One solution that has been gaining popularity in recent years is invoice factoring. We offer factoring financing in Massachusetts and can provide competitively priced solutions.
Factoring rates as low as 1.5%. Advances as high as 85%
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Questions? (866) 730 1922. Toll free in Massachusetts.
Please select the most appropriate product:
Financing for companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Massachusetts.
Funding for trucking carriers and freight brokerages.
This product provides the necessary funds to pay your suppliers and deliver on your orders.
Financing for small and medium sized trade companies that sell goods and services to customers outside the US and Canada.
Financing for subcontractors in the construction industry.
Funding for businesses that supply services and products to Massachusetts state agencies and to the federal government.
Funding for companies that provide guards for commercial, industrial and government sites.
Funding for staffing and employment services 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 financing?
Factoring financing is a tool that allows companies to sell their invoices to a factoring company in exchange for immediate funds. This eliminates the usual 30 to 90 days wait to get paid, and provides you with immediate funds to pay employees, suppliers and other expenses. It enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.
The plan is simple to use and integrates well into most businesses:
- 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 business loans. It is easy to qualify for and can be setup quickly. Also, it has no set limits and can grow with your sales. Your receivable factoring line is based solely on the size and quality of your receivables.
Need more information?
Are you researching factoring or PO financing? These articles may help:
- What is factoring?
- How to select a factoring company
- Advantages of po financing
- Recourse factoring vs. non-recourse factoring
- Business financing for staffing agencies
Questions? Call (866) 730 1922. Toll free in Massachusetts.