|
|
INDIANA FACTORING COMPANIES
Indiana Factoring Companies Can Help Your Business
If your business works with companies that take an upwards of 30 days to pay you, consider invoice factoring. Invoice factoring can give your business the money it needs to make payroll and continue operation.
What is Accounts Receivable Factoring?
Accounts receivable factoring, also known as invoice factoring, is the process of selling your business’ unpaid invoices to a factoring company for a cash advance.
How Does My Business Start Factoring?
1– Tell us about your business by either filling out an online form or giving us a call.
2– Using the information you’ve provided, we’ll match your business with a factoring company in Indiana that meets your needs.
3– The factoring company puts your business through a quick approval process.
4– Your business submits invoices for completed work to the factoring company.
5– The factoring company contacts your customer and verifies the service was completed or order was filled.
6– Your business receives up to 95 percent of the accounts receivables as a cash advance from the factoring company. The rest is kept as the reserve.
7– Your customer pays the factoring company on their normal payment terms.
8– The factoring company releases the reserve to you, minus a small factoring fee.
Factorable Industries Across IN
Whether your business is in Indianapolis, Michigan City, South Bend, or any other city, there is an accounts receivable factoring company that works in your specific industry to get you factored. Have clients outside of Indiana? No worries. We can accommodate any business, in any city, nation-wide.
Automotive: The automotive industry is one of the largest industries in the state. GM, Honda, Toyota, Subaru, Rolls Royce and Cummins plants can be found spread throughout Indiana. If your small business is in the automotive industry, you could benefit from the services that Indiana factoring companies provide to grow your business.
Transportation: Indiana is known as the “crossroads of America” and transportation is the most valuable industry in the state. Trucking companies can run smoother with the help of fuel advances and fuel cards that factoring companies in Indiana can provide.
Medical: Medical product distribution has been a large sector in the state. Warsaw is even known as the “Orthopedic Capital of the World.” If you have a medical staffing business that could use some extra cash for payroll, look no further than an Indiana factoring company.
More Industries Served in Indiana
Staffing
Tired of waiting for your customers to pay? We can help increase your staffing agency’s cash flow.
Education
Does your small business provide educational services and need funding fast? We can help you find a factor to increase your cash flow.
Agriculture
Let us help get your agriculture business the funds it needs to grow. We will work to find you a factor who fits your needs.
Manufacturing
We work with the manufacturing industry to get companies the funding they need to expand their businesses.
Request a Quote
Request a quote from our extensive factoring company network.
Grow Your Business: Use an Indiana Factoring Company
Small businesses are difficult to run. Let us help take some of the stress off of your shoulders by taking away your cash flow worries. We can get your small business paired with a factoring company in Indiana that can provide your business with the capital it needs, when it needs it.
Why Factor with a Factoring Company in Indiana?
- It’s fast. Once approved, your business can receive funding in as little as 24 hours.
- It’s easy. All you have to do to get started is tell us about your business by filling out this online form or giving us a call.
- It’s not a loan. You don’t have to put assets down as collateral and don’t have a debt to repay.
Factoring Companies Near Me
Is your business outside of Indianapolis or Columbia City, Indiana? No problem. We work with factoring companies nationwide. Just let us know where you are and we’ll find the best factoring company for you!