Invoice Factoring in Rhode Island

Invoice Factoring Group

Are your customers demanding that your give them payment terms? Is this creating a problem with your cash flow because you cannot afford to wait up to 8 weeks for payment? This is a common problem for small and growing companies whose customers often demand payment terms as a condition of doing business. Small companies are compelled to give terms even though doing so may put the company in financial risk.

One way to solve this problem is to use business financing to improve your liquidity. This allows you to run your company while waiting for payment. We offer factoring, a financial solution specifically designed to help you cope with slow paying customers. Our factoring financing solutions are available to companies in Rhode Island at competitive prices.

Factoring rates as low as 1.5%. Advances as high as 85%.
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(subject to monthly volume and industry).

Industry Options:

Business Services

Business Services Companies, Distributors and Manufacturers

Funding for companies in the service,distribution, oilfield services, janitorial, and manufacturing sectors that are located in Rhode Island.

Freight financing

Factoring Freight Bills

Financing for transportation companies and intermediaries.

PO financing

Financing for Purchase Orders

Financing for product resellers and importers in various industries. Covers the cost of paying suppliers by letter of credit.

Export Finance

Financing for export and Trade

Funding for small and medium sized trade companies that sell goods and services to customers outside the US and Canada.

Construction Factoring

Construction Subcontractors

Financing for subcontractors in the construction industry.

Government Contractors

Government Contractors and Subcontractors

Funding for businesses that supply services and products to Rhode Island state agencies and to the federal government.

Security Companies

Security Service Companies

Funding for companies that provide guards for commercial, industrial and government sites.

Staffing Agencies

Temporary Staffing Agencies

Financing solution for staffing and employment companies in the business and medical fields.

small business factoring

Small Companies

Factoring for new businesses, small office/home office (SOHO), independent professionals or any business with less than $250,000 in revenues.

Factoring Explained

We offer a solution that allows companies to finance their invoices. This provides them with immediate liquidity that can be used to cover company expenses and minimizes the hassles of waiting up to 60 days to get paid by your customers. Factoring allows your company to optimize your most valuable collateral - your invoices from credit worthy customers.

Our solution is easy to use and is structured as follows:

  1. You deliver your product or service to your client
  2. You generate an invoice and sent it to your client
  3. You send a copy of the invoice to the factoring company
  4. You get an immediate funding advance of 70% to 90% of your invoice
  5. The factoring company gets paid by your client 30 to 90 days later
  6. You get a second installment (the remaining 10% to 30%), less a funding fee

One important advantage of our accounts receivable factoring over other business financing solutions is that it is relatively easy to obtain. Also, the financing line can usually be deployed quickly, in about a week. One area where factoring surpasses other solutions is in its flexibility. The line can adapt to your growing sales. This makes it an ideal alternative for small businesses that can't qualify for bank financing but need funding due to slow paying customers.

Need more information to make a decision?

Are you looking to learn more about our solutions? Here are some additional resources that will help you make an informed decision.

Questions? Call (866) 730 1922. Toll free in Rhode Island. We also offer factoring in Canada.

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