Canít afford to wait up to 90 days to get paid by your clients? This is a common problem for companies that offer payment terms to their customers. If you don't qualify for bank financing, you should consider invoice factoring. Factoring allows you to turn your invoices into cash though a very simple financial transaction. This improves your cash flow.
We offer invoice factoring services in Wisconsin and can provide you with the financing that your business needs.
Factoring rates as low as 1.5%. Advances as high as 90%
Click here for a quote or call (866) 730 1922
(subject to monthly volume and industry)
Program for companies in the service,distribution, oil field services, janitorial, and manufacturing sectors.
Program for freight companies and brokerages that are located in Wisconsin.
Program 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 and related trades.
Financing for companies that supply services and products to Wisconsin state agencies and to the federal government.
Program 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.
How does it work?
Our solution enables companies to finance their invoices by selling them to a factoring financing company. In turn, they advance a percentage of your accounts receivable to you. Your company can use these funds to cover operating expenses - or simply to make new sales. The transaction finishes when your end customer pays the invoice in full.
Most transactions are structured 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
Factoring companies are accustomed to working with businesses that have cash flow problems due to slow paying customers and can provide an alternative to conventional finance companies. Most plans are easy to qualify for and can be setup in a week or so - allowing you to solve the problem quickly.
Using factoring to finance your business has a number of benefits, such as:
- It provides you with predictable cash flow
- It minimizes the uncertainty of when you'll get paid for your invoices
- It's flexible. The line is tied to your sales and will grow with your business
- It's easy to obtain and can be set up in days
Are you still researching factoring and need additional information? We have more resources:
Questions? Call (866) 730 1922. Toll free in Wisconsin.