Louisiana Invoice Factoring

Invoice Factoring in Louisiana

Looking to expand your business in Louisiana but not sure where to get the funds? There is good news for all of you in the Bayou State—Factor Finders is here to help! Whether you are from New Orleans, Baton Rouge, or anywhere else in the state, invoice factoring from Louisiana factoring companies can give your enterprise the funds needed for expansion. What about slow-paying clients? Do you feel as if your business is being dragged down by waiting for your customers and partners to pay off their outstanding accounts receivables? Trust Factor Finders to pair your business with the best factoring company in New Orleans or elsewhere in LA for your specific needs, and gain access to working capital that you can use to invest in growth.

How Does Louisiana Invoice Factoring Work?

Invoice factoring, sometimes called accounts receivables factoring, is the process of using a funder (called a factor) that provides you with nearly instant working capital by purchasing your outstanding invoices from you. First, a Louisiana factoring company buys your outstanding accounts receivables and provides you with up to 98% of the total sum within 24 hours of receiving and verifying your invoices. The remainder is held in reserve. Then, the factor works directly with your debtor and is responsible for collecting their payments on your invoice directly. Most Louisiana factoring companies collect the complete invoice payment from your debtor within 90 days. After the factor has received the complete sum of the invoice from your debtor, they provide you with the remaining percentage that wasn’t given to you at the onset, minus a small service fee.