Invoice Factoring for Website Design & Development
Factor Finders funds growing firms specializing in web design and web site development. We understand the frustrations that come along with developing web sites and having to wait 30 days or more for payment. Any sized web development firm can get financing to gain a competitive edge in this specialized industry. Best of all, there are no minimum or maximum funding requirements when factoring receivables.
Factor Finders has a variety of funding solutions that can help you website design company manage its cash flow more efficiently. Web companies of all sizes can apply for accounts receivable factoring. Start-ups, medium-sized web firms, and established web design agencies can easily qualify invoice factoring based on your customers’ ability to pay.
When you sell your invoices to Factor Finders, funding reaches your account within 24 hours. Moreover, the web development factoring fees start at 1.5%, but keep in mind that Factor Finders’ administrative support services easily counterbalance this cost. Specifically, Factor Finders offers back-office support for collections as well as delivering invoices—both of which drastically reduces overhead costs and gives web design busines owners more free time to focus on building the company. Moreover, Factor Finders agrees to perform free credit checks on all of your new customers, and we give access to online accounting reports so you can stay on top of invoice and payment trends.
Get Started with Web Design and Development Factoring
First, after a brief conversation with Factor Finders, we’ll match you with the perfect factoring company for your needs. After you have completed your development and design services, send out the original invoice to your customer, and then send a copy of that invoice to your factoring company.
The factoring company will verify the the work on the invoice, and then advance your web firm up to 90% of the invoice’s face value within 24 hours. (NOTE: If it’s a new customer, then your factor will assess the customer’s credit, prior to advancing cash.)
Your factoring company will take the factoring fee once the invoice is paid, and then we will release the rest back to your web agency.