Pennsylvania Invoice Factoring
Fast Payroll Factoring for Staffing Companies
You may have already investigated different ways to secure additional working capital for your business. If banks are denying you because of your debt to income ratio or you simply cannot wait long enough for them to provide you with the needed funds, Pennsylvania invoice factoring may be the best opportunity for you.
What is Invoice Factoring?
Invoice factoring is less-known than traditional bank financing, however, for some companies, it is a much better option. Not all businesses qualify for a loan from a bank and it can take weeks or even months to get the cash you need. With invoice factoring, you get money that is technically already yours, just faster. An invoice factoring company will buy your outstanding receivables and then advance you between 80% and 95% of the total amount. When your debtor pays their invoice, they will pay the factoring company directly. Then, the factoring company will release the remaining balance back to your business, except for a small factoring fee. If your business can’t wait 30-90 days to get paid, invoice factoring is a great solution!
Small and mid-sized businesses in nearly every industry benefit from invoice factoring. As long as your company has unpaid receivables, we can help you obtain the funding you need – when you need it most! Whether you own a business in Pittsburgh, Philadelphia, Erie or Allentown, Pennsylvania factoring companies can get you funded!
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What are the Benefits of Working with Factor Finders?
There are many benefits to working with Factor Finders. Factor Finders is able to tap into our large finance network in order to match your business with the right PA factoring companies for your business needs. If you were to conduct a search on your own, you would have to do a significant amount of research to find a PA factoring company that fully understands your industry. Let Factor Finders save you time and do that work for you! We look at all aspects of your situation when selecting an invoice factoring company. We consider the size, financial stability, flexibility, industry expertise, advance rates and additional factoring services offered in order to determine if it’s a right fit for your business objectives. Invoice factoring allows you to collect on your unpaid invoices. Instead of waiting on payments, start with a clean slate, cover your expenses and use the working capital to expand your business as needed.
You don’t have to struggle financially. If your accounts receivable department is unable to collect from your customers, Pennsylvania invoice factoring companies will collect for you – and provide you with the funds upfront. Simply call Factor Finders today and let us help!
Factor Your Invoices Anywhere in the Keystone State
Here at Factor Finders we are committed to being your leading source for locating Pennsylvania factoring companies to help your business secure the additional funds it needs — and quickly!
Don’t see your city? That’s no problem!
Factor Finders works with a nationwide network of factoring companies that are eager to purchase your unpaid invoices. Call Factor Finders and talk to one of our team members today or fill out a form for a free quote to see what we can offer your business.
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Factor Finders is ready to help. Give us a call: (216) 616-7881
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Pennsylvania Factoring Benefits
Advantages
Staffing factoring can help your business run seamlessly. You no longer have to worry about
- Cash to make payroll on time, every time
- Cash to grow your staffing business
- Simple paperwork and easy application process
- Lowest rates in the staffing factoring industry ranging from 0.69% to 1.59% for 30 days
- No financial statements needed
- No minimum amounts required for invoices
- Flexible credit customized for your needs
- We work with customer referrals
- Full back office services are available
Payroll Factoring Requires Little Paperwork
Unlike bank financing for staffing, payroll factoring requires little paperwork and provides funding for staffing agencies within 24 hours. Here’s what documents are needed for the payroll factoring process:
- Brief application
- Most current aging report for your receivables
- Customer list
- Credit limit request
- Invoices you wish to factor
- Copy of DBA filing or Articles of Incorporation
- Signed factoring agreement
Pennsylvania Factoring Industries
There are many Pennsylvania factoring companies that specialize in very specific industries. Contact Factor Finders and we will use our network of experienced factoring companies to find the right factor for your needs. Factoring invoices is a fast way to obtain immediate working capital without the strict requirements that accompany bank loans. We work with companies of all financial situations so even if you don’t have the greatest credit, we can help!
Don’t see your industry listed? Don’t worry — we can accommodate nearly any industry.