Manufacturing factoring: An overview
Manufacturing businesses, both domestically and internationally, have been taking advantage of the benefits of manufacturing factoring for hundreds of years. Long before the use of credit, loans and other commercial financing options, manufacturing factoring was the financing choice of factories and plants back in the days of Mesopotamia. The same aspects of factoring that benefitted companies hundreds of years ago can benefit companies today.
The benefits of working with manufacturing financing companies include:
Help with Cash Flow – Maintaining cash flow is a routine problem for businesses in manufacturing. Manufacturing factoring eliminates cash flow issues by making sure you are paid on time – or early. By covering your cash flow gaps, there’s no need to slow down production due to lack of capital.
Seasonal Business – Manufacturing financing keeps your business moving during those ever-important peak seasons. Many manufacturing companies are seasonal and function on a feast-or-famine business cycle. If your business can’t produce during its peak season, then your business might be in big trouble. With manufacturing factoring, you can get a nearly endless advance on your invoices so as long as you’re getting orders, you’ll never run out of cash.
Rapid Growth – It’s a common problem in the manufacturing sector that doesn’t get enough attention: growing too fast and running out of money. Many businesses experience this problem but there are few viable financing options for those in this situation. Business loans? They take too long. Credit cards? Maybe in a pinch but manufacturing financing is your best option in most situations.
Manufacturing Equipment Financing – Need upgrades to make your machinery more modern and efficient? Need to purchase new equipment to increase your total product output? Manufacturing equipment financing is an affordable, within-reach solution that can enable your business to grow without taking on additional debt like a loan.
Manufacturing factoring in these simple steps:
Sell your most-current invoices to a reputable manufacturing company.
The factoring company will then verify the invoices – make sure they are valid.
Assuming the submitted invoices are legitimate, the factoring company will send you cash for the amount invoiced in 24-72 hours minus a percentage.
The factoring company will collect the check from the company originally billed.
That’s it! And you’re ready to continue business as usual.
Learn More About Manufacturing Factoring Companies:
- Benefits Of Invoice Factoring For Manufacturers
- 6 Tips To Select a Factoring Company
- A Complete Guide to Factoring
Search Our List to Find Manufacturing Factoring Companies Near You:
Riviera Finance
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
800-872-7484
Liquid Capital of South Texas
11703 Huebner Rd, San Antonio, TX 78230, San Antonio, Texas, 78230
210.587.7267
ALLEGIANT BUSINESS FINANCE
600 university st.ste#2328 seattle, WA(Washington), Seattle, Washington, 98101
(866) 377-0800
Merchant Factors
1441 Broadway, 22nd Floor New York, NY 10018
6750 North Andrew Ave, Suite 200 Fort Lauderdale FL 33309
(213) 347-0101
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
(212) 498-9756
Factoring Solutions
Suite 304, 320 - 12th Ave NE Calgary, AB, Canada T2E 1A4
5462 South Perimeter Drive Kelowna, BC, Canada V1W 5C6
403-452-6227
Graystone Capital (now SVBusiness Capital)
900 E Hamilton Ave #100,, Campbell, CA, 95008
(888) 370-7779
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
(800) 297-6652
Accord Financial Group
3500 Boul De Maisonneuve O Suite 1510 Montreal, QC H3Z 3C1, Canada
800-231-2977
Nationwide Transport Finance
2650 Lake Sahara Drive – Suite 200, Las Vegas, Nevada, 89117
(800) 624-3353
eCapital Freight Factoring
10100 W. Charleston Blvd Suite 220, Las Vegas, Nevada, 89135
800.705.1500
Universal Funding
16201 East Indiana Avenue Suite 2600, Spokane Valley, Washington, 99216
800.405.6035
Gibralter Business Capital
400 Skokie Blvd #375 Northbrook,, Northbrook, Illinois, 60062
(847) 272-9618
Liquid Capital
5734 Yonge St. Suite 400 North York, ON M2M 4E7
5525 N MacArthur Blvd Ste 625 Irving, TX 55038
1-844-228-0800
Great Plains Transportation Services, Inc.
923 N State St, Fairmont, Minnesota, 56031
(800) 324-8214
CarrierNet Group Financial
500 W 10th St, Sioux Falls, SD 57104, USA, Sioux Falls, South Dakota, 57104
(877) 747-2807
Diversified Transportation Finance
3100 Pinebrook Rd. Suite 2200, Park City, UT, 84098
(801) 821-0355
Stonebridge Financial Services
330 Franklin Rd, Suite 135A-592, Brentwood, Tennessee, 37027
(615) 661-8245