Factoring Financing - Nebraska
Is your company having a working capital problem because your customers are paying their invoices in up to 80 days? In today's economic environment, large corporate customers are demanding that you give them payment terms as a condition of doing business with you. 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 by factoring invoices. We offer factoring plans in Nebraska 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 Nebraska.
Please select the most appropriate product:
Financing for businesses in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Nebraska.
Financing product for trucking companies, transportation intermediaries and freight brokerages.
Financing for product resellers and importers.
Financing for subcontractors in the construction industry.
Funding for businesses that supply services and products to Nebraska 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 / 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.
How does it work?
Factoring financing is a tool that enables companies to improve their working capital by financing their accounts receivable. The client sells their receivables to a finance company in exchange for an immediate funding advance. The advance can be used to pay for existing expenses and minimizes the cash flow problems of providing payment terms to your customers. It enables businesses to optimize their most liquid collateral - their accounts receivable.
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
Receivables funding is flexible and has a number of advantages over other business financing solutions, like a business loan. 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. Factoring companies usually define the size of your funding line 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.
Need more information?
Do you need more information to make a decision on whether our products are right for you? Here are some additional resources:
- What is invoice factoring?
- Choosing a factoring company
- A little known tool to finance your business
- Purchase order financing basics
- Financing your trucking company with freight bill factoring
- Invoice factoring for government contractors
- Construction factoring - financing for subcontractors
Questions? Call (866) 730 1922. Toll free in Nebraska. We offer factoring in Canada and in the USA.