Invoice factoring & PO Funding Michigan

Invoice Factoring Group

Does your company have cash flow problems because customers take up to 70 days to pay an invoice? This problem is quite common and affects a large number of companies. The usual way to address this challenge is to use business funding to cover expenses while waiting for customer payments. One solution that has been gaining traction in recent years is invoice factoring. We offer invoice factoring financing in Michigan and can provide competitively priced solutions.

Factoring rates as low as 1.5%. Advances as high as 85%
Get an instant quote!
Questions? (866) 7301922. Toll free in Michigan.

Industry solutions:

Business Services

Business Services Companies, Distributors and Manufacturers

Financing for companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Michigan.

Freight financing

Freight Factoring Financing

Funding for trucking carriers and freight brokerages.

PO financing

Purchase Order Funding

This product provides the necessary funds to pay your suppliers and deliver on your orders.

Export Finance

Trade and Export Financing

Financing for small and medium sized trade companies that sell goods and services to customers outside the US and Canada.

Construction Factoring

Construction Subcontractor Financing

Financing for subcontractors in the construction industry.

Government Contractors

Government Supplier Factoring

Funding for businesses that supply services and products to Michigan state agencies and to the federal government.

Security Companies

Security Service Companies

Funding for companies that provide guards for commercial, industrial and government sites.

Staffing Agencies

Temporary Staffing Companies

Funding for staffing and employment services in the business and medical fields.

small business factoring

Small Business Factoring

Factoring for new businesses, small office/home office (SOHO), consultants, independent professionals or any business with less than $250,000 in revenues.

Medical Factoring

Healthcare, Medical Offices and DME's

Specialized program for healthcare practitioners and medical providers that bill private insurance companies, Medicare and Medicaid.

How does it work?

Factoring financing is a tool that allows companies to sell their invoices to a factoring company in exchange for immediate funds. Instead of waiting to get paid by your customers, you get an advance from a factoring company that can be used to cover expenses such as suppliers and rent. Invoice factoring enables growing businesses to leverage their strongest asset - their invoices form credit worthy clients.

The plan is simple to use and integrates well into most businesses:

  1. You deliver your product or service
  2. You create an invoice and sent it to the factoring company and to your client
  3. You get an immediate advance of 70% to 90% of your invoice
  4. The factoring company gets paid by your client 30 to 90 days later
  5. You get a second installment (the remaining 10% to 30%), less a small fee

Accounts receivable factoring has a number of benefits over other solutions, such as a business loan. For starters, it is easy to qualify for and can be setup quickly. Also, most factoring companies do not impose set limits. The size of your line is based solely on the size and quality of your receivables (and customers). As opposed to other solutions, it can adapt to growing revenues. This makes it an ideal option for growing companies.

Need information about factoring?

Are you researching factoring or PO financing? These articles may help:

Questions? Call (866) 730 1922. Toll free in Michigan. We offer factoring in Canada and in the USA.

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