Apparel Factoring
Apparel factoring options for large and small businesses are just one of the ways that we at Business Factors are dedicated to helping all types of apparel business owners achieve their dreams of financial success. Our financial advisors and experts work with you to help you develop a factoring solution, and provide access to tools and resources that can help you manage your business, and your profits. Simply put, factoring involves the purchase of accounts receivable and/or invoices by a third party for cash that can be used to fund various aspects and operations of your business, including:
- Purchasing materials and supplies
- Paying for equipment, rent, and other overhead costs
- Paying suppliers, employees, vendors, etc.
Why are apparel invoice factoring and apparel accounting receivables factoring such valuable and popular options with large, established companies as well as with small boutique and apparel-related businesses? Making it big in the apparel industry requires you to first design and produce sample products which are used to market your designs to vendors and buyers. This requires equipment, the right supplies, a place to house your operations, and in some cases, a production team. Even if you produce the first demo products on your own, you will still need to pay for the materials and supplies, and the equipment used to produce them.
Once your sample products are created, marketed, and the orders start coming in, receiving the money for the orders placed is not an instantaneous process, particularly in the initial start-up phase of any type of business. This is where our factoring services come into play.
Apparel Factoring Options
Our apparel invoice factoring programs allow immediate access to a percentage of the total invoice amount, and once the client invoices are paid, we are repaid, along with an affordable fee based on the the credit worthiness of your clients and the total transaction amount.
Apparel accounting receivables factoring from Business Factors is a similar process, in which outstanding receivables and/or invoices are purchased from your business are purchased by our company. We then assume the risk on these invoices and receivables and provide you with quick financing. This allows you to free up working capital, focus your resources on other activities, and obtain quick financing without a business plan or tax statements.
To find out more about how Business Factors can provide factoring for apparel industry professionals and their small businesses, contact us today for a free quote and a no-obligation consultation.