Get growing with produce & agriculture factoring
Farming and agriculture have always been, and continue to be, challenging businesses. The labor is hard, harvests are seasonal, and equipment is large and expensive. Moreover, production of a bountiful crop relies heavily on external circumstances. From droughts in California to flooding in Texas, the growth of a profitable crop can be helped or hindered by the unexpected. But agriculture factoring could be the solution to this financial problem.
Unexpectedness is just one reason why traditional banks are reluctant to lend to those in the farming and agricultural sector. Thin profit margins, complicated supply chains, and large expenses are other reasons. So if you need capital to support your agribusiness, who can you turn to when the banks say no? This is why agriculture factoring companies are so important.
Why choose agriculture factoring?
Agriculture factoring is a long established farm financing method that has been used for decades. Farmers, food processors, distributors, food manufacturing companies, food packaging companies, shippers, and suppliers can all take advantage of agriculture financing.
Agriculture factoring can provide capital for your business in a few days. By purchasing your current invoices, farm factoring companies can pay you for them practically on the spot. This way, you don’t have to wait weeks or months to collect payment from your customers. Farm factoring companies charge a fee for expediting this payment process which can range from 3-8%; each account is different. (The more current the invoice, the lower the fee.)
What’s more, agriculture factoring does not rely on your credit score but on the creditworthiness of your invoices. What does that mean? That means if you supply Walmart its produce and perishables, the farm factoring company only assesses the credit of Walmart, your customer. That’s a relief to many in farming and food production.
Farm factoring is the sustainable choice for startups
If you are seeking small farm funding resources, produce factoring is a viable option because it requires no minimum amount. So if you are a startup farmer, distributor, or shipper with clients in good standing, there’s a good chance you qualify for Agriculture financing.
Capital from farm factoring can be used for any number of things, including:
- Leasing or purchasing farm equipment such as tractors, combines, plows, drills, sprayers, tillers, and other machinery.
- Licensing and regulatory fees and permits.
- Payroll for laborers and other employees.
- Other expenses, such as fertilizers, seeds, fuel, feed, and more.
Learn More About Agriculture Factoring Companies:
- 6 Tips To Select a Factoring Company
- Can Invoice Factoring Promote Company Growth?
- A Complete Guide to Factoring
Search Our List to Find Agriculture Factoring Companies Near You:
1st PMF Bancorp
9701 W. Pico Blvd., 1st Floor, Los Angeles, California, 90035
1202 Monte Vista Ave #20, Upland, CA, 91786
American Prudential Capital, Inc.
16303 State Highway 249, Houston, TX 77064, USA
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
7225 Langtry Street, Houston, Texas, 77040
1912 Tiffany Lane, Dalton, Georgia, 30720
Blue Ridge Factors
4120 Airport RD Unit B, Hillsville, Virginia, 24343
Business Factors & Finance, Inc.
220 Ave I , Redondo Beach, California, 90277
Carolina Piedmont Capital, Inc.
5540 Centerview Drive, Ste 200, Raleigh, NC, 27606
650 5th Ave, 24th Floor, New York, New York, 10019
260 Spadina Avenue, Suite 400, Toronto, Canada,
Gateway Commercial Finance
340 SE 1st Street, Delray Beach, Florida, 33483
2751 Hennepin Ave, Minneapolis, Minnesota, 55408
250 Yonge St #2201, Toronto, ON,
60 Crescent Bend, Allendale, New Jersey, 07401
899 Logan St. Ste 210, Denver, Colorado, 80203
Partners Funding Inc.
923 North State Street, Suite 120, Fairmont, MN, 56031
Porter Capital Corporation
2112 First Avenue North, Birmingham, Alabama, 35203
400 Kelby St 10th floor, Fort Lee, NJ 07024
Quasar Capital Partners LLC
9330 LBJ Frwy. Suite 943B, Dallas, Texas, 75243
1000 Mansell Exchange Building 300, Suite #340 Alpharetta, GA 30022
10320 Little Patuxent Pkwy Suite 200 Columbia, MD 21244
1925 18th Avenue NE Suite #115 Calgary, AB T2E 7T8
8307 University Executive Park Drive, Suite #250 Charlotte, NC 28262
17 W 415 Roosevelt Rd. Oakbrook Terrace, IL 60181
1333 Corporate Dr. Suite 117 Irving,TX 75063
8400 E. Prentice Ave. Suite 1500 Greenwood Village, CO 80111
11601 Pellicano Dr., Ste. B-5 El Paso, TX 79936
50 Harrison St. Suite #310-G Hoboken, NJ 07030
8410 N. Sam Houston Pkwy W Houston, TX 77064
3635 Quakerbridge Road Suite #4 Mercerville, NJ 08619
5870 SW 8th Street Suite # 6 Miami, FL 33144
3470 Washington Drive Suite #206 Eagan, MN 55122
3102 West End Ave. Suite 400 Nashville, TN 37203
4334 Northwest Expressway Suite 242 Oklahoma City, OK 73116
1 International Plaza Suite 550 Philadelphia, PA 19113
1029 H St. Suite 102 Sacramento, CA 95814
2025 Gateway Place Suite #370 San Jose, CA 95110
10430-1 Pioneer Blvd. Santa Fe Springs, CA 90670
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
2605 Enterprise Road East Suite #250 Clearwater, FL 33759
5780 Timberlea Blvd. Suite #103 Mississauga, ON L4W4W8
310 Airport Road Suite #500 Williston, ND 58801
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
Southwest Trade Services LLC
20 Pacifica, Suite 360, Irvine, California, 92618
TCI Business Capital
12270 Nicollet Ave South, Burnsville, Minnesota, 55337
16201 East Indiana Avenue Suite 2600, Spokane Valley, Washington, 99216