.png)
Due to our expertise, we are able to provide you the funds your company needs within just a few days.
With over 20 years in business, we understand everything about your industry.
We provide businesses with immediate cash flow to meet their operational needs.
If you're a business owner who is waiting for unpaid invoices to be paid, you may be experiencing a cash flow problem. That's where we come in - we can help you turn those unpaid invoices into working capital. Our services provide you with the funds you need to keep your business running smoothly, without having to wait for your customers to pay. With our help, you can access the cash you need to pay your bills, buy inventory, or invest in new opportunities. Let us help you transform your unpaid invoices into working capital and take your business to the next level.
Request A QuoteAccounts Receivable Factoring, also known as invoice financing, is a financing method where a business receives immediate cash by selling its outstanding invoices or receivables to a third-party financial company called a factor. Here's how it works:
1. Advance Payment: The factor advances a percentage of the invoice value to the business, typically between 70% to 98%. This advance depends on the industry and the agreement terms.
2. Collection: The factor receives payments directly from the buyers who owe on the invoices.
3. Final Payment: Once the factor collects the full payment from the buyers, it returns the remaining balance (if any) to the business, minus its fees or discount. Some industries have evolved to a full advance with no reserves. For example, trucking clients often receive a full advance with no reserves, meaning they get the entire invoice value upfront minus the factor's fees.
Benefits of Accounts Receivable Factoring
Immediate Cash Flow: Businesses receive cash immediately rather than waiting for customers to pay.
Improved Cash Flow Management: Helps businesses manage cash flow better, ensuring they can pay their bills and daily obligations on time.
Reinvestment: Provides funds that can be reinvested into business operations for growth and expansion.
Flexibility: Useful for businesses with long payment terms or slow-paying customers and allows to onboard new customer sold on credit terms.
Ideal Use Cases
Businesses with Long Payment Terms: Companies that offer extended payment terms to their customers and need cash before those payments are received.
Businesses with Slow-Paying Customers: Companies that experience delays in payments from their customers.
Growth-Oriented Businesses: Companies that need immediate cash to reinvest in their operations and fuel growth.
Overall, accounts receivable factoring is a viable financing option for businesses needing quick access to cash without waiting for customer payments. Nationwide Commercial Credit offers Non-Recourse Factoring for eligible buyers that reduce the risk for both the client and Nationwide Commercial Credit.
More than 20 years of experience working in the industry has enabled us to build our factoring services and provide the funds companies need.
No need to wait 30, 60, 90 days before receiving your cash. At Nationwide Commercial Credit, we simplified and accelerated the process for you.
Factoring is allows a company to sell its accounts receivable (unpaid invoices) to a factoring company on an ongoing basis that simulates a receivable based line of credit. This allows the company to access cash flow quickly without waiting for its customers to pay their invoices.
There are several reasons why businesses may have more access to cash flow using factoring companies:
Speed: Factoring companies can provide quick access to cash compared to traditional bank loans or lines of credit. The factoring company can usually provide funds within a few days, which can help businesses that need cash quickly.
No Collateral Required: Factoring companies typically do not require additional collateral, such as property or equipment, to secure the funding. Instead, secure more on the receivable based collateral and rely on the creditworthiness of the businesses' customers who owe the outstanding invoices.
Improves Cash Flow: Factoring companies provide businesses with immediate cash flow, which can help them meet their financial obligations, such as paying suppliers, employees, and other expenses.
Outsourced Collections: Factoring companies often handle the collection of outstanding invoices, which can relieve businesses of the burden of chasing down late payments and managing collections.
Flexible Financing: Factoring companies can provide flexible financing options based on the needs of the business. For example, they can provide funding for a specific set of invoices, or they can provide ongoing financing for all the business's outstanding invoices.
Overall, factoring companies can provide businesses with a more flexible and accessible cash flow solution compared to traditional bank loans or lines of credit. By selling their accounts receivable to a factoring company, businesses can quickly access the cash they need to fund their operations and grow their business.
Our flat fee of 2% to 3% with full advance (No Reserve). We take the credit risk. Custom rates available for monthly commitment of $150,000.
Apply today and get set up and funded within 24 hours - a seamless transition to financial freedom.
We proudly approve credit insurable freight brokers and Shippers in Mexico.
Get up to 30% fuel credit on active loads. Keep trucks on the move without cash flow hiccups.
Enjoy significant discounts on fuel, saving you money every mile of the journey.
Make informed decisions anytime with our round-the-clock freight broker credit checks.
Boost your cash flow when you need it most with our prompt funding services.
Stay on top of your finances with automated reporting and easy online account management.
Our team is here for you longer, from Monday to Friday, 9 AM to 9 PM EST, and Saturdays from 9 AM to 3 PM EST.
%201.png)
.png)
