Any organization that invoices their customers or waits on earned payments for more than 15 days may be able to benefit from the fast payment offered by quick factoring solutions. A/R factoring solutions are commonly used in many industries to expedite cash flow, funding operations and growth:
Trucking and transportation – benefit from quick payment provided by A/R financing to take on new business and keep drivers on the road while waiting on customer payments.
Staffing and temporary employment agencies – benefit from quick payment on customer invoices as standard practice, or on an occasional basis to cover payroll. Agencies often outlay costs for recruiting, testing, hiring, placements and payroll before a customer invoice is even generated, including temporary employment and staffing agencies, nurse staffing agencies, medical and dental staffing agencies and security guard companies.
Oilfield and energy – oil, natural gas, solar and other energy providers, as well as all of the contractors that work with them often benefit from quick pay A/R financing so they can continue to serve customers or take on new business instead of waiting on customer payments.
Supply chain manufacturers and distributors – supply chain companies often invest considerable resources in producing or distributing items long before customer invoices are generated. A/R factoring solutions offer a quick pay alternative that enables faster business reinvestment for manufacturers and distributors.
Ecommerce vendors and merchants – Ecommerce vendors and merchants (like Amazon merchants and Zulily vendors, app and software developers and others) may wait 60-90 days on payments from these platforms. A/R factoring offers a quick pay solution that means they aren’t left waiting on platform payments for months at a time.
Ready to find out more? Apply online and get answers in 24-48 hours – or even faster. You could go from approval to your first quick pay funding in hours.