Invoice Financing for Auto Supply Companies

Invoice Financing can be utilized by many different industries and company types do you own or run a automotive supply business? Automotive supply businesses are very easily financed thru invoice financing.   

Auto Parts Supplier Finance Options

Invoice financing can be the difference between make it or break it. if you re selling large amounts of auto parts to retail stores, exporters or any means of moving your inventory there may be times when you come upon a cash shortage to purchase more equipment fund facilities or hire more employees to help fill growing orders.

An Invoice Financing Company can help you bridge the gaps that arise from slow pays on orders you have full filled. There is nothing worse than waiting for long periods of time for payment on orders that have already been filled.

Auto supply businesses can benefit from strong relationships with their buyers. If your buyers are large retail chains for instance there is probably a decent lag between delivery acceptance and payment. Retail operations often run behind themselves as they wait for inventory to move off of shelves. Not everyone needs a starter for a 2006 Nissan but when they do they know where to find it.

No matter if you are a OEM auto parts distribution company or an aftermarket specialty parts company, you probably have a good relationship with your buyers in your distribution chain. This high level relationship can lead to reduced rates and fees when it comes to an Invoice Finance transaction as the finance company will be taking on less risk.

Here's an example (only) of how this type of transaction may look.

Your Auto Parts Company sells $100,000.00 worth of parts to a retail chain
You submit the 100,000 invoice to your finance company.
Once it is verified (typically same day or within 48 hrs. max) the finance company will advance you
85% or in this case $85,000.000
Once the invoice matures and is collected the finance company advances the remaining 15% minus their finance fee.

Alternative Finance Resources

It is a really fast and effective way for you to keep the cash flowing into your business for the things you need most. This type of transaction can be a one time or ongoing monthly relationship. Once you have an account open you are allowed to submit invoices as you see fit. When you are in need of additional cash flow submit a whole or partial invoice and get your money upfront.

If you have a need for a quality Invoice Financing Company contact NorthWest Finance. Invoice Finance, Purchase Order Finance, Equipment Lease Financing, and Merchant Cash Advances.


Get your money when you need it not when it's convenient for your contractors to pay it.

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

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