Invoice Factoring - New Jersey
Is your business offering payment terms and cannot afford to wait up to 60 days to get paid by its clients? Most large clients will often insist that you give them payment terms as a condition of doing business with you. This puts small companies against a wall because most don't have the financial wherewithal to offer terms. One way to solve this problem is to use business funding to complement your existing capital, enabling you to offer terms with confidence. And the best funding solution for this type of scenario is factoring financing. We offer factoring in New Jersey and can provide you with a competitive plan.
Factoring rates as low as 1.5%. Advances as high as 85%
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Questions? (866) 7301922. Toll free in New Jersey.
Financing product for trucking companies, transportation intermediaries and freight brokerages.
Financing for product resellers and importers.
Funding 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 New Jersey 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 our solution work?
Factoring allows companies to sell their invoices to a factoring company in exchange for immediate funds. It eliminates the usual 30 to 90 days wait to get paid by customers, and provides you with immediate funds to meet important expenses. Invoice factoring financing enables growing companies to capitalize their strongest asset - their receivables form credit worthy customers.
Our solution 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
One advantage of working with factoring companies is that they are used to financing companies that have cash flow problems. Factoring lines are comparatively easy to qualify for and can be deployed in a few days. One key feature of the program is that the line adapts to your revenues and can grow with your sales. This is an important feature that helps growing companies but is seldom found on other funding solutions, such as business loans. If your company has cash flow problems due to slow paying customers - we can help.
Want more information?
Are you looking to learn more about our financing solutions? Here are some additional resources:
- What is invoice factoring?
- Choosing a factoring company
- Invoice factoring explained in detail
- How to grow your import business with PO financing
- What is freight factoring?
- How invoice factoring can replace a line of credit
- How factoring invoices can help your business grow
Questions? Call (866) 730 1922. Toll free in New Jersey.