Distribution Factoring Companies
Receivables factoring in Distribution
Distributors, wholesalers and re-sellers of all types sell product on 30 to 60 days terms so cash flow gets tight when you have to pay your employees, suppliers and overhead before getting paid from your customers. Invoice factoring allows you to get paid up-front once you’ve delivered your product and invoiced your customer.
Receivables factoring improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay your suppliers, employees and other operating expenses.
You get to enjoy the many administrative benefits of receivables factoring such as customer credit checks, receivables collections, and accounting. You can reduce your business overhead costs to offset your factoring costs.
Many factoring companies offer excellent terms such as no term contracts, no monthly minimums, no application fees, and little or no cancellation fees. Determine a factoring rate structure that fits your accounts receivable terms.
Factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.
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