North Dakota Invoice Factoring

Invoice Factoring in North Dakota

There are many North Dakota factoring companies and we understand it can be overwhelming to choose one that’s right for you.  When you consider that you can find other companies in neighboring states who can also assist you, the process can become a headache.

When you need assistance selecting a North Dakota factoring company, Factor Finders will help. We understand that you need a positive cash flow and that your needs may be very different from the needs of another company, even within the same industry.

We are able to offer the lowest factoring rates because of our large network of factoring companies in North Dakota and throughout the United States. We can identify the best factoring company for your industry and funding needs.

How Does Invoice Factoring Work?

Although invoice factoring isn’t well-known, it’s an extremely easy and comprehensive funding solution. First, we’ll get to know you and your business a little bit better. What do you need extra funding for? How much are you currently billing? Then, once we have a better idea of your goals, we’ll match you with an account manager at one of our funding partners. They will send you an application which generally takes 3-5 business days to process. After approval, you can begin submitting the invoices you’d like to factor. There are no minimums or monthly volumes–you get to decide which clients you factor and how often. The factoring company will verify your invoices and then the best part: MONEY! They will advance you up to 95% of the total-invoice amount. Afterwards, they will work directly with your debtor to receive payment for the invoice. Once your client pays, the factoring company will release the remainder back to you, save for a small factoring fee.