Invoice Factoring and Purchase Order Finance - New York
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 slow paying invoices (from reliable customers) into cash though a very simple financial transaction. We offer invoice factoring services in New York and can provide you with the financing that your company requires.
Factoring rates as low as 1.5%. Advances as high as 85%
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Questions? (866) 7301922. Toll free in New York.
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 York 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 allows companies to sell their invoices to a factoring company in exchange for an immediate cash advance. Instead of waiting up to 60 days to get paid by a customer, you get an immediate payment that allows you to pay your company expenses. By financing 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 factoring companies is that they are used to financing small companies that have cash flow problems that don't meet conventional banking criteria. As a matter of fact, many companies use factoring as a stepping stone to conventional financing.
The financing lines are comparatively easy to qualify for and can be deployed quickly - which is critical in urgent situations. 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
- Invoice factoring for distributors and wholesalers
- Financing a growing trucking company or brokerage
- How to get the best factoring rates
- Invoice factoring for technology consulting companies
Questions? Call (866) 730 1922. Toll free in New York.