Factoring
Construction Factoring
Turn your applications for payment into cash flow
Commercial construction companies need cash flow to pay suppliers, labor and other expenses while they wait for payment. Our underwriters understand progress billing, lien releases and other nuances that traditional factoring companies are not accustomed to.
Construction factoring is an advance against open invoices and not a loan. You simply assign your accounts receivables to a lender and receive up to 80% advance. The balance is returned less fees as the receivables are collected.
There are many benefits to using a construction factoring company:
- Cover overhead expenses and pay suppliers in time
- Factoring company ensures A1A paperwork is properly completed to get paid in time
- Your cash flow is directly tied to your sales and as your business grows so will the available capital
- Gives you the confidence to fulfill larger commercial construction contracts
"We work with many well-capitalized lenders that are aggressively lending. Many of our clients, companies just like yours, can receive the working capital they need even in today’s hard economic times."
Turn your receivables into cash NOW, and gain the working capital and the peace of mind your company needs to succeed.
Medical Factoring
Turn your accounts receivable into cash flow
We specialize in medical receivables funding for growing practices that do not have access to traditional financing sources. Working with us you gain a financial partner who understands your needs and is vested in your success.
Healthcare factoring is not a loan, and is often referred to as ‘off balance sheet’ financing. You simply sell your invoices to a lender and receive up to 80% advance. The balance is returned less fees as the receivables are collected.
There are many benefits to this type of medical factoring:
- Your cash flow is directly tied to your sales and as your business grows so will the available capital
- You will receive the working capital you need without giving up equity
- Bridge the gap between your invoices and collection
- Receive cash within days of generating an invoice
- Gives you the confidence to fulfill larger contracts
" We work with many well-capitalized lenders that are aggressively lending. Many of our clients, companies just like yours, can receive the working capital they need even in today’s hard economic times. "
Turn your receivables into cash NOW, and gain the working capital and the peace of mind your company needs to succeed.
Freight Factoring
Turn your invoices into cash flow
Owner operators, fleets and brokers can take advantage of freight bill factoring programs at very competitive rates and terms. Accounts receivable financing is available to companies with large fleets and solid operating history.
Freight bill factoring is not a loan. You simply assign your accounts receivables to a lender and receive up to 95% advance. The balance is returned less fees as the receivables are collected.
There are many benefits to accounts receivable financing programs:
- Your cash flow is directly tied to your sales and as your business grows so will the available capital
- High advance rates allow you to maximize working capital
- Bridge the gap between your invoices and collection
- Take advantage of fuel discounts by receiving advances to fuel cards
" We work with many well-capitalized lenders that are aggressively lending. Many of our clients, companies just like yours, can receive the working capital they need even in today’s hard economic times. "
Turn your receivables into cash NOW, and gain the working capital and the peace of mind your company needs to succeed.
Invoice Factoring
Turn your accounts receivable into cash flow
We specialize in receivables factoring for growing companies that do not have access to traditional financing sources. Working with us you gain a financial partner who understands your needs and is vested in your success.
Factoring invoices is not a loan, and is often referred to as ‘off balance sheet’ financing. You simply sell your invoices to a lender and receive up to 90% advance. The balance is returned less fees as the receivables are collected.
There are many benefits to these types of invoice factoring facilities:
- Your cash flow is directly tied to your sales and as your business grows so will the available capital
- Receivables factoring is often done on a 'non-recourse' basis where the factor takes the credit risk for customer bankruptcy.
- You will receive the working capital you need without giving up equity
- Bridge the gap between your invoices and collection
- Receive cash within days of generating an invoice
- Gives you the confidence to fulfill larger contracts