Accounts Receivable Factoring for Education Providers
Factor Finders provides working capital for supplemental educational service providers. These providers offer additional educational instruction to middle and high school students outside of the regular school day. The No Child Left Behind Act of 2001 has yielded an increase in supplemental services needed to ensure students from impoverished districts receive a quality education.
Most supplemental educational services extend 60 day credit terms to school districts, but leave themselves without enough working capital to take on new opportunities. Factor Finders offers invoice factoring for supplemental educational providers to help providers increase cash flow and take on bigger contracts.
State agencies contract supplemental providers, but pay them on generous credit terms. While providers are waiting to collect payment, they often lack the cash needed to pay instructors.
Custom Factoring Programs for the Supplemental Educational Services Industry
Factor Finders is familiar with the supplemental educational services industry and understands its specific invoicing procedures. By factoring accounts receivable, supplemental education providers receive a cash advance up to 90% within 24 hours. Use the funds to grow your education business, pay employees or taxes, invest in marketing, etc.
Education factoring approval is easy. Factor Finders evaluates the credit worthiness of a company’s client when making funding decisions. Companies with poor credit or short financial track records qualify for factoring. Since supplemental educational service providers contract with the state agencies, we assess the state’s ability to pay the invoice.
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We’d love to talk more about your factoring needs! (216) 292-5660
Supplemental Education Providers can Secure Financing with Invoice Factoring Today
Accounts receivable factoring is flexible and efficient. Accounts are established in 3 to 5 business days. Getting started with invoice factoring is easy.
- Fill out a short application
- Send us an accounts receivable aging report
- Forward a customer list with credit limit request
- Sign official documents
- Submit invoices to factor
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