Engineering Factoring

Factor Finders provides financial services to engineering firms in the United States, Canada, and the United Kingdom. We help organizations in this growing industry generate working capital. 

Engineering Firms Qualify for Factoring Based on Customers’ Credit Strength 

Engineering firms impact every aspect of our daily lives as they design products, machinery, bridges, and roads. Despite their significant contributions, engineering firms continue to achieve only satisfactory sales earnings. A lack of raw materials, quality control, and high material costs prevent high profit margins. Start-up and growing engineering firms can use Factor Finders’ engineering factoring solutions to expand. 

Engineering firms can gain initial funding through factoring their receivables. Start-ups, medium-sizes, and large companies prequalify despite a short financial track record or lack of credit. 

Factor Finders establishes accounts with processing plants in 3 to 5 working days by simply evaluating the credit strength of their customers. No complicated financial analyses are needed and no upfront fees are charged. 

Mature engineering firms with existing loans can extend their credit through engineering factoring. Factor Finders works with traditional lenders to pay off your loans and create credit lines based on your invoice values. Those with bad credit or a history of bankruptcy still pre-qualify for factoring. 

Any-sized business that has experienced a lack of service with other factoring companies should request a proposal from Factor Finders by calling 1-855-FACTOR-1. Interested engineers can also request an online application. We finance organizations with minimum sales volumes or funding needs of $10 million per month. 

When you sell your eligible invoices, a factoring credit line is established. Engineering managers can better direct their businesses by drawing only the cash they need. This extra working capital can be used to meet payroll, operating, marketing, and equipment expenses. 

Factor Finders Finances Most Engineering Firms 

Engineering firms in the United States, Canada, and the United Kingdom with sales volumes up to $10 million should start factoring with Factor Finders. We offer engineering factoring for several types of engineering firms:

• Architectural
• Chemical
• Civil
• Construction
• Consulting
• Design
• Drainage
• Electrical
• Environmental
• Foundation
• Industrial
• Inspecting
• Land Development
• Mechanical
• Professional
• Sanitary
• Structural
• Tank
• Testing
• Traffic 

Engineering Factoring Offers More Benefits than Traditional Lending 

Factor Finders’ engineering factoring program is very efficient and our account managers guide firms through the funding process. Firms with no financial track record or years of successful business dealings should take advantage of accounts receivable factoring. Entities with up to $10 million in sales volumes often prefer factoring over traditional bank lending because no debt is added to their balance sheets and a plethora of support services are offered. 

Establishing an account takes only 3 to 5 business days and funds reach your account in 24 hours. Factor Finders creates a credit line based on your accounts receivable. 

Factor Finders’ Administrative Services Reduce Overhead Costs 

Factor Finders offers back office support to assist with collections and mailing invoices. These services often decrease overhead costs and offset financing fees. 

When engineering companies add new customers, we complete a free credit analysis within minutes to ensure proper credit lines are established. 

Get Working Capital in 3 to 5 Business Days 

• First, managers should send the original invoices for services completed or products delivered. 
• Factor Finders will evaluate the invoices and advance companies an average of 90% of their value. Invoice value is determined based on the credit worthiness of your customers. After verification, funds reach your account within 24 hours.
• When your customers pay Factor Finders, we forward you the balance of the invoice value (reserve) minus the factoring fee.
• New customers can be added at your convenience. Credit approval is completed within minutes by providing the name and address of the customer.
• Factor Finders completes due diligence to ensure your company does not have liens or pending lawsuits. 

Call Toll Free 1-855-FACTOR-1
Available 24hrs. a day - 7 days a week
Request a factoring proposal now!