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 |
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 |
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
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