South Dakota - Invoice Factoring and PO Finance

Invoice Factoring Group

One of the biggest challenges for small business owners is having to wait for customer payments. While larger companies can easily offer payment terms to their clients, small business owners struggle when they have to offer terms. Few have the financial resources to wait up to 6 weeks for payment and need the money sooner to cover company expenses.

One way to solve this problem is to use invoice factoring. It provides your company with an advance on your slow paying invoices, providing the liquidity you need to cover important business expenses. We provide factoring services to companies in South Dakota and can provide you with a competitive quote.

Factoring rates as low as 1.5%. Advances as high as 85%.
Click here to get funded quickly!
(subject to monthly volume and industry).

Solutions

Business Services

Business Services Companies, Distributors and Manufacturers

Funding for companies in the service,distribution, oil field services, janitorial, and manufacturing sectors that are located in South Dakota.

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 South Dakota 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.

What do we offer?

Factoring financing allows companies to sell their invoices to a factoring company in exchange for immediate funds. Instead of waiting up to 90 days to get paid by a customer, the factoring company provides an advance that can be used to pay for company expenses. It allows you to optimize and capitalize your most efficient asset - your accounts receivable from reliable 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

Accounts receivable factoring can offer a better solution to improve this cash flow problem than most other business financing products. It is easy to qualify for, can be deployed in days and more importantly, it has no set maximums. Your receivables factoring line is based on the size and quality of your invoices and is designed to support growth.

Qualification criteria

The qualification criteria for factoring invoices is simpler than the criteria for most conventional financing products. In general, your company must:

  • Have commercial or government customers with good credit
  • Have reasonable profit margins
  • Have invoices that are free of liens or encumbrances
  • Be free of major legal/tax problems

Need Information? Please visit our resource centers:

Questions? Call (866) 730 1922. Toll free in South Dakota.

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