Invoice factoring in Montana
Is your company having a cash flow problem because your customers are paying their invoices in up to 80 days? In today's environment, large customers are demanding that you give them payment terms. They get your product (or service) quickly but then take up to two months to pay. Small and growing companies don't usually have the financial wherewithal to handle this and can get themselves into financial problems. The solution is to accelerate your revenues using invoice factoring. We offer factoring plans in Montana at competitive rates.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an instant quote!
Questions? (866) 7301922. Toll free in Montana.
Financing for businesses in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Montana.
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 Montana 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.
How does it work?
Factoring financing is a simple tool that allows companies to improve their cash flow by financing their accounts receivable. The client sells their receivables to a factoring company in exchange for an immediate funding advance. The advance can be used to cover existing expenses and minimizes the cash flow problems of providing payment terms to your customers. It allows companies to optimize their most liquid asset - their invoices.
The funding plan can be implemented quickly and works as follows:
- You deliver your product or service to your client
- You generate an invoice and sent it to the factoring company and to your client
- You get an immediate funding 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 funding fee
Accounts receivable factoring is flexible and has a number of advantages over other business financing solutions. The line is comparatively easier to get than conventional funding and can be setup in about a week. Also, the line is designed to be flexible and grow with your revenues. The size of your line is defined by the size of your invoices and their credit quality. This makes it an effective solution for growing companies that are faced with slow paying customers.
Do you need more information to make a decision? Consider these resources:
- What is invoice factoring?
- Choosing a factoring company
- Invoice factoring case study
- What is PO financing?
- What is freight bill factoring?
- Common issues with factoring financing
Questions? Call (866) 730 1922. Toll free in Montana.