Would work more perfect than a bank loan because there getting monthly credit without fee's. A lot of times a company is looking for a loan to cover there account receivable amount to cover pay roll or other monthly needs where bank factoring One of the most over looked area's for factoring are bank turn-downs. Telecommunications Equipment, Installers, Providers, Etc.Ĭompare Factoring Account Receivables vs other financing options.Īccounts receivable funding or invoice factoring is a great alternative to traditional finance options. Telecommunications, IT Industry, Communications and Internet related businesses:Long Distance, VoIP, Triple Play, Wholesale, Wireless, ISPs, CLECs and Content Providers. Staffing and Temporary Employment Agenciesįrom Start-Up to Large Staffing Companies Security Guards, Armored Service and Security Staffing Operating Oil and Gas field properties on contract, Construction Activities, Rig Mobilization: Site Prep and Demobilization, Well Completion, Geophysical Surveying, Mapping Services, Oil and Gas Pipeline, Trucking PTs | RNs | RTs | CNAs | OTs | MDs | Etc.Medical Transcription Services Insurance companies, HMOs and Medicare/Medicaid Medical/Healthcare Staffing: Manufacturing and Distributors: ( Domestic and International ) International ( Over 60 countries around the world )Īfrica, Asia, Australia, China, Europe, India, Middle East, North and South America, Etc.Ĭity, County, State and Federal Offices Buildings, Government Purchase Order Financing Federal, State, Local and Municipal governments ( Free Load Board ) | Freight Bill Factoring Owner Operators | Small to Mid-Size Trucking Company | Fleet Trucking Gravel Hauling, Trench Digging, Utility Construction Company, Etc. Growers, Shippers, Brokers, Processors, Food and Beverage ManufacturingĬable Contractor, Cable Installation, Cable Service, Cable Testing/Diagnostics, Underground Utilities and Tower Constructions Manufacturing all area's, from Auto Parts Company, Electronics to Auto Glass Installers/Shopps ( Recourse Factoring and Non-Recourse Factoring ) Cash within 24 hours without having to spend the time collecting the money from your customers. We help you get the cash you need advanced on a monthly based upon invoice factoring your account receivables. Our factoring services don't stop at just invoice factoring (Accounts Receivable Factoring), we can also help you with your purchase order financing. With advances up to 97%, it will give you the flexibility to help your company grow. USA Factoring can help solve your cash flow problems with an immediate infusion of money with our invoice factoring services. When the factor receives payment from the customer, they’ll release you the reserve minus a small factoring fee.Invoice Factoring Services as low as 0.59% After they verify, the factoring company will advance your business up to 95 percent of the accounts receivable, keeping the rest as reserve.ģ: Your customer pays the factor on their normal payment terms. The factoring company then contacts your customers and verifies the service was completed or the order was filled. The business will put you through a quick approval process.Ģ: Once approved, your business submits invoices for completed work. After that, factoring is as simple as 1-2-3.ġ:Based on the information from your form, we pair your business with the best factoring company for your needs and wants. Your business can get funds through a factoring company in California in as fast as 24 hours. Factoring companies can advance your business money using a process called invoice factoring.Īccounts receivable factoring, also known as invoice factoring, is the process of selling active invoices to a factoring company for a cash advance. Your business needs a California factoring company if it needs more working capital, has clients that take upwards of 30 days to pay or needs to take on a new, large order.
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