Invoice Factoring Financing - Vermont
Ones of the biggest challenges for a small business owner is having to wait to get their invoices paid by clients. Most clients, especially large companies, will negotiate the ability to pay their invoices in up to 60 days. Small business owners usually can't do much about this - they can either offer payment terms or risk losing the client. But this can lead into cash flow problems, especially if the company is growing or thinly capitalized.
One way to solve this problem is to use factoring financing. Factoring provides the owner with the funding to cover important business expenses by financing your invoices. We offer factoring plans in Vermont and can provide you with competitive rates.
Factoring rates as low as 1.5%. Advances as high as 90%.
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(subject to monthly volume and industry).
Funding for companies in the service,distribution, oil field services, janitorial, and manufacturing sectors that are located in Vermont.
Funding for freight companies and brokerages.
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 Vermont 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?
Factoring financing allows companies to sell their invoices to a factoring company in exchange for immediate funds. Instead of waiting for your clients to pay, you get the funds quickly from the factoring company. This will stabilize your cash flow and provide the money you need to cover company expenses. Invoice factoring financing enables growing companies to leverage their best asset - their receivables form credit worthy customers.
Our funding program is easy to use and is implemented as follows:
- You deliver your product or service to your client
- You generate an invoice and sent it to your client (with a copy 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
An invoice factoring company can offer a better solution to improve this cash flow problem than most other business funding options. Most factoring lines are easier to qualify for than conventional financing lines. They can also be deployed quickly. Lastly, the line has no set maximums. The size of your receivables financing line is based on the amount and quality of your invoices. This line can increase with you revenues and is designed to accommodate growth.
Does your small company qualify?
The approval criteria for factoring is simpler than the criteria for most common financing solutions. In general, your company should:
- Have commercial customers with great credit
- Have good gross profit margins
- Have receivables that are free of liens or encumbrances
- Be free of major legal/tax problems
Need more information about our programs? Please visit our resource centers:
- Business Resources
- Factoring Resources
- Transportation Factoring Resources
- Purchase Order Financing Resources
- Medical Factoring resource
Questions? Call (866) 730 1922. Toll free in Vermont.