Machine Shop Factoring

When you need cash to fund your business, machine shop factoring from business factors can help you to get the capital necessary for continued business operations while you wait for payment from your customers. In the machine shop and manufacturing industry, it is sometimes necessary to wait 30, 60, or even 90 days to receive payment on invoices, and this wait time can create problems for small businesses, rapidly growing businesses, and large, established businesses that have exceeded their traditional bank loan and financing options.

Whether you are in need of machine shop equipment financing or leasing op invoice factoring, machine shop accounting receivables factoring, machine shop purchase order financing, or any of our other machine shop factoring services and financing alternatives, our qualified experts are standing by, ready to help you find the best solution.

How Does Machine Shop Factoring Work?

Machine Shop Invoice Factoring:

First, you provide us with copies of your outstanding invoices. Then, we review them and provide you with a credit decision, based on certain criteria, including the credit worthiness of your customers. When If you are approved, you will receive a large percentage (the exact amount depends on the total amount to be factored) of the total amount of all invoices, minus a small service fee. This means that you receive instant cash that you can use for your business operations. Once your clients pay their invoices, we are repaid and you are reimbursed for the remaining balance.

Machine Shop Accounting Receivables Factoring:

This type of factoring allows you to manage and receive cash for your outstanding accounting receivables by allowing Business Factors to purchase them. We base our decision on the overall performance of your company, the total amount to be factored, and as with invoice factoring, the credit worthiness of your clients. With machine shop accounting receivables, however, we assume all of the risk and the responsibility of collection, leaving you with instant cash, minus a small service fee, and the freedom to spend your time and resources on other, non accounting receivable areas of your business.

If your ready to find out how factoring for machine shop invoices and accounting receivable financing help solve your cash flow issues, get in touch with Business Factors today.