Tennessee - Invoice Factoring
Are your slow paying customers putting a dent in your cash flow? Is your company at risk of missing critical supplier payments - or even payroll? This is a common problem for small business owners that have to offer payment terms to their customers - even though they can't afford to do so. Most large companies demand terms as a condition of granting contracts, which puts many small business owners in a difficult financial position. They can offer terms and risk financial problems. Or, they can NOT offer terms and lose the customer.
One way to improve your cash flow and offer terms more comfortably is to use invoice factoring. It accelerates your revenues and provides the necessary funding to cover your company expenses and take on new clients. We offer factoring plans to companies based in Tennessee and can provide you with a competitive quote.
Factoring rates as low as 1.5%. Advances as high as 90%.
Click here to get funded quickly!
(subject to monthly volume and industry).
Funding for companies in the service,distribution, oil field services, janitorial, and manufacturing sectors that are located in Tennessee.
Financing for transportation companies and intermediaries.
Financing for product resellers and importers in various industries. 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 Tennessee 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.
What is invoice factoring financing?
Factoring financing allows companies to sell their invoices to a factoring company in exchange for immediate funds. Instead of waiting weeks to get paid for your invoices, you get immediate access to funds. This will stabilize your cash flow and allow you to pay for important business expenses. By factoring your invoices you can optimize the use of your most liquid asset - invoices from credit worthy customers.
Our solution is easy to use and is structured as follows:
- You deliver your product or service to your client
- You generate an invoice and sent it to your client
- You send a copy of the invoice to the factoring company
- 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
Receivables financing can offer a better solution to improve this cash flow problem than most other business financing products (i.e. a business loan). 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.
Do you qualify?
The qualification criteria for factoring invoices is simpler than the criteria for most conventional financing products. In general, your company must:
- Have commercial customers with good credit
- Have adequate gross profit margins
- Have receivables that are free of liens or encumbrances
- Be free of major legal/tax problems
Need Information? We have additional resources:
- What is accounts receivable factoring?
- Choosing a factoring company
- Factoring financing for self employed people
- Are your commercial customers worthy of net 30 payment terms?
- How to get the best factoring rates
Questions? Call (866) 730 1922. Toll free in Tennessee.