Factoring for manufacturers

Invoice factoring and accounts receivable financing for manufacturing companies

factoring for manufacturers

1 (800) 317-4933

Factoring for manufacturers.  There are many funding options that we offer that are specifically tailored for manufacturing companies from invoice factoring accounts receivable financing and lines of credit to purchase order finance, these are facilities designed to improve cash flow and eliminate altogether cash flow restraints caused by unpaid invoices.

THE PROCESS IS A SIMPLE ONE

  • Complete the simple application process (via email)
  • Get approved (Documents are then signed)
  • You submit invoices (Invoices are verified)
  • Funds are deposited into your bank account

Below are a few of the other advantages:

  • Hassle-free application to funding process
  • No more waiting 30 to 90 days to get paid by your customers
  • You can offer credit to your customers (Grow your business)
  • Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
  • Protection from bad debt with our non-resource option
  • Receivables line of credit option (more information below)
  • Invoice factoring in the millions for your company's continued growth (availability as you grow)
  • Facilities tailored to fit the funding requirements of our client
  • High advances on receivables
  • Very competitive and attractive rates
  • Flexible terms
  • Complete access to your account via our secured online portal
  • Perform free credit checks on new customers 24/7
  • Invoicing and collection services included
  • For trucking and transportation, fuel card for savings at the pump and added convenience
  • Free load board to help truckers have full loads on each trip
  • Funding for well-seasoned companies and startups
  • Plus other benefits

RECEIVABLES LINE OF CREDIT

Our receivables line of credit option is called a ledgered line of credit, which offers manufacturing companies many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of their latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for manufacturers that are considering a traditional line of credit or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

  • No audit requirements
  • No restrictive financial requirements
  • No restrictive covenants
  • No financial ratio requirements
  • No concentration restrictions
  • No long application to funding process
  • Plus other benefits

For more information about our invoice factoring or receivables line of credit for manufacturing companies, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.



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