Invoice Factoring in New Jersey
Can’t afford to wait up to 90 days to get paid by your clients? We can help you. Invoice factoring allows you to turn your invoices into cash though a very simple financial transaction. We offer invoice factoring services in New Jersey and can provide you with the business financing that your business needs.
Factoring rates as low as 1.5%. Advances as high as 85%.
Click here to get funded quickly!
(subject to monthly volume and industry).
Get an online factoring quote in seconds. Questions? Call (866) 730 1922. Toll free in New Jersey.
Please select the most appropriate product:
- Freight Factoring: Factoring for trucking companies and freight brokers of all sizes
- Invoice Factoring - Business Services Companies: Factoring for small and medium sized companies such as commercial suppliers, IT consultants, janitorial/cleaning companies that that provide business services
- PO Funding Financing: PO financing provides the necessary financing to pay your suppliers. Purchase order funding is ideal for wholesalers, distributors or businesses that need a letter of credit to pay suppliers
- Export Factoring: Factoring and export financing for small and medium sized companies export companies
- Trade Finance: Solutions for businesses that need international trade financing or import export financing
- Construction Factoring: Factoring for companies in the construction trade (contractors, electricians, etc.)
- Medical Factoring: Financing for small and medium sized medical offices, medical equipment suppliers (DME) and any healthcare company billing 3rd party insurance or Medicare/Medicaid
- Small Business Factoring: Factoring for new businesses, Small office/home office (SOHO), consultants, professionals or any business with less than $250,000 in revenues
- Business Loan (alternatives): Our specialized business financing programs, offers alternatives to traditional business loans.
- Factoring Canada: We provide services in Canada through a subsidiary based in Ontario (go to Ontario factoring), that can directly finance transactions all across Canada
- Invoice Factoring Alternatives: You can also find alternatives at out sister company, Commercial Capital LLC
What is invoice factoring?
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 employees, suppliers and rent payments. Invoice factoring financing enables growing companies to leverage their best asset - their receivables form credit worthy customers.
Factoring is easy to use:
- Your company delivers your product or service and invoices your client
- You sell your invoices to the factoring company
- We advance you the first installment immediately (called the advance). The advance can be between 70% to 95% of your receivable
- We wait to get paid by your client (30 to 90 days later)
- We rebate you the second installment (the 10% to 30% reserve), less a small fee.
Accounts receivable factoring can be better than most other business financing products, such as business loans. It is easy to qualify for, can be used in days and more importantly, it has no set maximums. Your receivable factoring financing line is based solely on how many invoices you can produce. In other words, your financing is based in your company sales.
If your company is growing and you can’t afford to wait up to 30, 60 (or 90!) days to get paid by your customers, then receivables factoring is the right solution for you.
Get an online factoring quote in seconds. Questions? Call (866) 730 1922. Toll free in New Jersey.
Need a factoring financing alternative? You can also try Commercial Capital LLC
We are currently accepting clients looking for invoice factoring financing in all cities of New Jersey. Key words: factoring New Jersey, factoring in New Jersey, New Jersey factoring, invoice factoring New Jersey
