Invoice Factoring in New Mexico
Canít 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 simple financial transaction. We offer invoice factoring services in New Mexico and can provide you with a competitive proposal.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an instant factoring quote!
Questions? (866) 7301922. Toll free in New Mexico.
Financing for businesses in the service,distribution, oilfield services, janitorial, and manufacturing sectors that are located in New Mexico.
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 Mexico 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.
About our solution
Factoring financing allows companies to sell their invoices to a factoring company in exchange for an immediate funds advance. It eliminates the usual 30 to 90 days wait to get paid by customers, and gives you the money you need to cover critical company expenses. By monetizing your invoices quickly, your company improves its cash position allowing it to take on new customers.
Our program 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 an invoice factoring company is that they are used to financing small companies that have cash flow problems. The financing lines are comparatively easy to qualify for and can be deployed in a matter of days. One key feature of the program is that the line adapts to your revenues and can grow with your sales. This is a very important feature because it supports your plans for growth and is seldom found on other business financing solutions. If your company has cash flow problems due to slow paying customers - we can help.
Want to learn more?
Are you looking to learn more about our financing solutions? Here are some additional resources:
- What is invoice factoring?
- Choosing a factoring company
- What is accounts receivable factoring?
- How to grow your import business with PO financing
- Financing your trucking company with freight factoring
- Advantages of invoice factoring
Questions? Call (866) 730 1922. Toll free in New Mexico.