Invoice financing can benefit many types of businesses.

Manufacturing businesses utilize invoice financing to purchase equipment that will help them fill orders more efficiently and make it possible to increase capacity and produce larger volumes of orders.   

Business Finance Options

Most manufacturing companies eventually need business financing to grow. It’s just the nature of this working-capital-intensive business. For example, most manufacturers have regular expenses, such as raw material suppliers, equipment leases, rent, and staffing costs. These expenses add up quickly.

Even the most successful manufacturing company will have difficulty meeting their expenses when payments take weeks or months to arrive. A manufacturing factoring company will purchase your unpaid invoices for delivered product and advance you 80 to 95 percent of their value up front. Unlike a loan, invoice factoring for manufacturing merely converts your existing receivables into cash you can use to cover your operating expenses.

One advantage of invoice financing is that it allows you to offer net-30 to net-60 day terms and helps you avoid cash flow problems. However, the most important benefit of invoice financing is its flexibility to adapt to your growing business. With Invoice Finance you can have instant access to funds. There is no waiting for payment from sluggish customers - you can pay suppliers early to obtain discounts and have funds available for those cash flow ‘blips’ that confront any business from time to time.

Qualifying for invoice financing is often easier than qualifying for a line of credit or comparable business loan. The credit quality of your customers is critical because the factor uses your receivables as collateral.

Invoice Financing for Manufacturers

Let's face it Manufacturers are the backbone of the US economy, which is why it’s vital that you have support in place when it comes to funding new orders and business growth - both domestically and overseas. We have funded thousands of manufacturing businesses, providing cash flow through our Invoice Finance and Lease Finance solutions.






It's as easy as 1-2-3 for a manufacturing business to apply for and be approved for an account with a reliable finance partner in the Invoice Finance marketplace.

1. Apply to set up an Invoice Financing Account

2. Complete and order and submit your 30-60-90 day invoices.

3. Decide which amount you would like to receive directly into your bank account, typically same day but may take up to 24 hours depending on when the invoices are submitted.

That is as simple as it gets.

Invoice Financing has been around for hundreds of years typically referred to as Factoring it can easily be traced back to the early days of trade in the Mediterranean.

If your business is in need of a finance option to ease a cash crunch contact a company like NorthWest Finance. Invoice Financing, Purchase Order Finance, Equipment Leasing and Merchant Cash Advances, Providing capital to business. We say yes when the banks say no.

North West Finance
Nationwide Business Finance Alternative
612-615-8196
www.businessinvoicefinancing.com

            Invoice Financing, Purchase Order Financing, Equipment Lease Financing, Merchant Cash Advances

Invoice Financing for the Trucking Industry

Invoice financing can be a financial lifeline for Businesses in the Trucking Industry. 

With fluctuating fuel costs maintenance costs and more trucking companies face a lot of financial burdens a lot of other types of companies do not face on a day to day basis. These hurdles can be dealt with if your trucking company utilizes all of the business finance options at their disposal.

Bank loans are typically not flexible enough to be available when needed. Trucking companies finance needs fluctuate month to month if not day to day. A bank loan is more of a long term commitment that may be good for purchasing facilities or paying off previously acquired loans.

Invoice Financing or Factoring is a more flexible finance tool that can be utilized on a short term one time only basis or an ongoing credit facility to help finance day to day operations. The best feature when utilizing Invoice Financing is you

choose when you want to draw from the finance resources
and for whatever purpose you deem necessary to apply the finances gained.

If you have a large tax bill due, if you have equipment repair needs or any number of expenses your company may come across Invoice Financing can be your financial lifeline.

Many types of industries rely on Invoice finance to meet their company's financial needs. There can be any number of circumstances that may arise that may cause a business to become cash strapped. It is not necessarily only in bad times or economic downturns that a company may seek external capital sources periods of strong economic growth may put a strain on capital resources. Fast growing companies may need extra equipment to fill orders, you may need to hire on permanent or temporary workers, there may be permits or licenses to be obtained. Any type of need that may arise can be supported with cash flow from an Invoice Finance facility.

Invoice factoring and invoice financing are options for B2B companies — those that sell goods and services to other businesses. It’s a way to manage cash flow when you have slow-paying customers, and it lets your business convert its account receivables — the money owed by customers that has not yet been paid — into immediate cash.

Invoice factoring is not a loan. Rather, you sell your invoices at a discount to an invoice factoring company in exchange for a lump sum of cash. The factoring company then owns the invoices and gets paid when it collects from your customers, which typically happens in 30 to 90 days.

If your business is in need of finance and you are considering Invoice Financing contact a company like NorthWest Finance. NorthWest is a reliable partner and can provide your business with a one time or ongoing Finance Facility.  Your business needs capital your business needs NorthWest Finance.

NorthWest Finance
Minneapolis, St Paul and Nationwide
612-615-8196
www.businessinvoicefinancing.com

Invoice Financing, Purchase Order Financing, Equipment Lease Financing, Merchant Cash Advances

Invoice Financing for Your Business Cash Flow Needs

Considering Invoice Financing as an option to increase your businesses cash flow?

There are a lot of companies in the Invoice Financing game. As in any industry some are good some are bad. A little research on sites like rip off report can help you when making your business finance options decisions.  

Invoice and P.O Finance

Since Invoice Financing, Invoice Factoring and Purchase Order Financing have been around for such a long time there may be a couple common misconceptions out there regarding this type of business financing.

First let's explain again what Invoice Financing is. 

DEFINITION of 'Invoice Financing'

A way for businesses to borrow money based on amounts due from customers. Invoice financing helps businesses improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid them. Businesses pay a percentage of the invoice amount to the lender as a fee for borrowing the money. Invoice Financing can solve problems associated with customers taking a long time to pay and difficulties obtaining other types of business credit.

Let's lay out a few common misconceptions regarding Invoice Financing.

Misconception #1 - Factoring is for troubled Companies. 

This is actually the exact opposite. Accounts Receivable Financing is primarily a resource for newer or rapidly growing businesses. Because with Factoring, the amount of Capital available to a growing business is directly tied to it's sales. More sales create more invoices, which can be immediately financed (factored) and turned into working capital.

Misconception #2 - Your Customers Will Look Down on You if You Start Financing Invoices

As stated above financing invoices creates working capital that can keep you ahead of orders as well as hiring necessary staff and other issues. Most businesses today use invoice factoring to fund expansion and to take on new business, not to rescue their business from the jaws of insolvency.

Misconception #3 - Factoring Companies Upset Your Customers with Collection Calls

Invoice Financing Cash Flow Options

The last thing they want to do is be responsible for annoying one of your customers.  One of the ways factors improve your cash flow is by providing courteous and professional reminders when invoices are overdue.  That way, you and your staff can be free to focus on making money instead of chasing it down.

Misconception #4 - Factoring is Too Expensive

Perhaps the question you should ask yourself is – will factoring help me generate more revenue than it costs?  The cost of factoring itself becomes irrelevant if it will help you make more money, i.e., if it will pay for itself. For example, would you invest 3% of your bottom line to generate a 40% increase in sales? 

Misconception #5 - Factoring is for Large Corporations

This may have been true decades ago, but today factoring is used by businesses of all sizes to accelerate cash flow and growth.  In fact, there are many “small ticket” factors today that will advance as little as a few thousand dollars a month on outstanding invoices to credit-worthy businesses or public sector accounts.

If you are seeking ways to increase your business cash flow contact a company like NorthWest Finance. With many years of experience working with many companies in a variety of industries. North West Finance can provide you with a one time or ongoing Invoice Financing Facility.

NorthWest Finance

Minneapolis, St. Paul, Nationwide

612-615-8196

www.businessinvoicefinancing.com

Invoice Financing | Purchase Order Financing | Equipment Lease Financing | Merchant Cash Advances