Dairy Industry Factoring
Dairy products are in demand globally due to recent economic recovery. In the next five years, the industry is projected to grow due to additional economic recovery and the introduction of products that will meet the needs of consumers wanting healthier options. Dairy operators in the industry can use Factor Finders’ financial solutions to grow their businesses.
Dairy processors can gain initial funding through factoring their receivables. Start-ups 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 up-front fees are charged.
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Financial Support For Your Dairy Business
Mature dairy corporations with existing loans can extend their credit through 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. Interested dairy processors 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. Dairy plant processors can better manage their businesses by drawing only the cash they need. This extra working capital can be used to meet payroll, operating, marketing, and equipment expenses.
Factoring Receivables Offers More Benefits than Traditional Lending
Dairy companies in the United States, Canada, and the United Kingdom with sales volumes up to $10 million should start factoring with Factor Finders. We finance:
- Dairy packaging plants
- Dairy processing plants
- Dairy farm equipment suppliers
- Dairy laboratory services
Factor Finders offers back office support to assist with collections and mailing invoices. These services often decrease overhead costs and offset financing fees.
Factor Finders’ receivables finance program is very efficient and our account managers guide companies through the process. Agencies 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.
When dairy businesses add new customers, we complete a free credit analysis within minutes to ensure proper credit lines are established.
Get Working Capital in a Few Short 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.