Contract & Invoice Financing

Contracts are rarely paid in advance, yet, without cash flow, there may not be funds to fulfill demand. Contract financing provides a solution to this problem by allowing businesses to get paid upfront or as soon as the contract is signed. Whether you need to begin, continue or complete a project, leverage your business’s contracts, payroll to get the cash you need to see it through.

Solutions

Purchase Order Factoring

Sell open purchase orders to a factor for up to 80% cash up front
Fulfill demand with a quick cash infusion
Factoring fees can be surprisingly low cost
Factors take over collection responsibilities, remit the rest of the payment less fees

Account Receivable Factoring

Accounts receivable can sit on the books for 90 days or longer
Receive a percentage up front to accelerate cash flow and maintain a cash surplus
Non recourse factoring is available, meaning you pay no penalties if your client doesn’t pay.

Contract Factoring

Businesses, like construction, that work under contract can factor accounts as well
Access funds to buy supplies, pay workers, rent equipment and more
Upon final payment from your client, the factor will remit payment to you, less factoring fees
reduce financial strain and access the funds necessary to move projects along

Lines Of Credit

For businesses that receive interim payments, factoring may not be the best solution
access credit when you need funds on an ad hoc basis
reduce costs of money by paying before the end of the billing cycle
use funds when you need them to avoid unnecessary fees

How It Works:

Factoring starts with an evaluation of your contract or invoice flow, per project value, repayment timeline and the types and credibility of clients. The factoring agreement will take these elements into account to determine rates and timelines. Once you have a factoring agreement in place, the best thing is that your business can return to it again and again, adding new deals for immediate cash flow.

Step 1:

Get assigned to a dedicated broker.

Step. 2:

Choose suitable terms and options.

Step 3:

Receive Funding.

Apply Now

Alternatives:

If you need funds for general expenses, consider:

Working Capital Loans

Working capital is essential to running a business. Every business needs to pay rent, utilities and other everyday expenses. But during slow seasonal cycles, it’s almost impossible to meet these obligations. Working capital financing offers short-term loans to keep your business afloat during a shortage of working capital. Get cash on hand to handle everyday costs, payroll, and unforeseeable expenses.

Refinance Existing Debt

Reduce monthly costs by refinancing debt. Sometimes a squeeze isn’t just an issue of the velocity of money. If you are carrying costs, refinancing can open up funds by reducing monthly payables. Talk with a loan broker to see if refinancing could be right for you.