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.
Why Choose Factor Finders for Accounts Receivable Factoring?
Factor Finders offers accounts receivable factoring benefits that you won’t find elsewhere. We simplify the application process for you. Since you need operating funds quickly, we don’t make you go through a long application that can take days to complete. Instead, we don’t require financials or look at your debt to income ratio. Not to mention, flexible receivable factoring terms are available to fit your business needs.
We work with invoice factoring companies throughout the United States and have a large database of companies to choose from.
North Dakota factoring companies can provide you with the ideal solution to overcome your debt and improve your operations – and we can get you started immediately.
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North Dakota Factoring Industries
No matter what industry you’re in, Factor Finders can help you find funding for your business. We have a vast portfolio of funders that would be more than happy to work with you and your business! We will connect you with an account manager that will help guide you through the entire process. Don’t see your industry listed? Call us anyways! We’ll find someone who will help you!