Factoring - North Carolina
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 very simple financial transaction. We offer invoice factoring services in North Carolina and can provide you with the financing that your business needs.
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.
Factoring rates as low as 1.5%. Advances as high as 85%
Click here for an instant quote!
Questions? Call (866) 7301922. Toll free in North Carolina.
Select a product:
Financing for transportation companies and intermediaries.
Financing for product resellers and importers. Covers the cost of paying suppliers by letter of credit.
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 North Carolina state agencies and to the federal government.
Funding for companies that provide guards for commercial, industrial and government sites.
Financing solution for staffing and employment companies in the business and medical fields.
Factoring for new businesses, small office/home office (SOHO), 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 factoring program work?
Our program can be implemented relatively quickly. Most transactions are structured as a two-installment funding and follow this format:
- 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 a factoring company is that they are used to financing small companies that have cash flow problems that don't meet conventional banking lending standards. As a matter of fact, many companies use accounts receivable factoring as a stepping stone to conventional financing.
The financing lines are comparatively easy to qualify for and can be provided 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.
Need 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 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 North Carolina.