Invoice factoring in Missouri
Are your customers demanding 60 days payment terms? Are you unable to offer them terms? Offering can be a real challenge for small and growing companies. On one hand, they don't have the resources to do so. And on the other hand, if they don't offer terms, they risk losing the customer. One way to solve this problem is to use a business financing solution known as factoring. We offer invoice factoring financing services in Missouri and can provide you with the funding that your company needs.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an instant factoring quote!
Questions? (866) 7301922. Toll free in Missouri.
Financing for businesses in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Missouri.
Financing product for trucking companies and freight brokerages.
This product provides the necessary funds to pay your suppliers and deliver on your orders.
Financing for subcontractors in the construction industry.
Funding for businesses that supply services and products to Missouri state agencies and to the federal government.
Funding for companies that provide guards for commercial, industrial and government sites.
Funding solution 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 program that enables companies to sell their open invoices to a factoring company in exchange for a quick payment. Instead of waiting to get paid by your client, you get an advance from the finance company that can be used to pay for important expenses, such as suppliers and rent. It enables growing companies to optimize their strongest collateral - their invoices form credit worthy clients.
The funding plan can be implemented quickly and works as follows:
- You deliver your product or service to your client
- 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
Receivables funding has a number of benefits over other business financing solutions in the market, such as a business loan. First, factoring is easy to qualify for and can be setup comparatively quickly. Also, many factoring companies do not give set limits on their funding lines. The size of your funding facility is based on the amount and quality of your receivables (and customers). This is a very important advantage. As opposed to other solutions, it can adapt to growing revenues easily. This makes it an ideal option for growing companies that need funding due to slow paying clients.
Are you researching factoring and purchase order funding. Consider these resources:
- What is factoring?
- How to select a factoring company
- Advantages of PO financing
- Factoring due diligence
- Invoice factoring for cellular tower equipment and maintenance companies
Questions? Call (866) 730 1922. Toll free in Missouri.