Our operations are based right here in the greater Seattle, Washington area, so naturally, we work with some of the best Seattle factoring companies. If you prefer to work with a locally-based factoring company here in Seattle or elsewhere, chances are we have a great option for you!
Benefits of working with local Seattle factoring companies
Among the benefits of working with the best factoring companies in Washington state is the sense of increased personalization that comes with “buying local.” A more personal approach means higher levels of customer care for you as the factoring client and for the customers whose invoices you factor. As with any other “buy local” type of approach, the money we earn goes right back into the local community through day-to-day spending, taxes, and more. If you’re going to factor invoices, why not choose a Seattle factoring company vs. a company outside of Washington state?
We are even able to place deals a lot of factoring companies won’t consider, such as small invoices, spot factoring, micro factoring, and so on. In and outside of Washington, we work with top factoring companies for trucking, staffing, oilfield (oil, gas, and energy), utilities, government contractors, and more. For example, small businesses that sell to customers on terms (via invoicing) or earn money through direct e-commerce or third-party e-commerce platforms can factor invoices to speed up cash flow. Likewise, small manufacturing operations, distributors, and other supply chain companies can unlock working capital to expand, increase inventory and capacity, hire more workers to increase production, and more.
IT (information technology) makes up a huge portion of the Seattle, Washington area economy. From IT consultants and IT staffing companies to cybersecurity businesses, invoice factoring could be an ideal cash flow financing tool to speed up organizational growth.
Want to know how invoice factoring works?
Let’s say you sell one-time or ongoing subscription-based service packages to clients. When you invoice clients, you end up waiting anywhere from a few weeks to a month or more to get paid.
Instead, you can factor invoices and get paid on the same day an invoice is generated without impacting your customers. This is the beauty of invoice factoring—you can extend generous terms to your customers but rather than waiting around on or (worse) chasing down customer payments, you can get paid right away and stay focused on chasing new business revenue instead. The invoice factoring company waits on the customer payment and advances you up to 95-96% of the invoice amount. Once the customer remits payment, any amount held back in reserve, except for the factoring fee, will also be wired to you.
Get more details by reading up on how invoice factoring works.
Get great factoring rates from Seattle, Washington factoring companies
A lot of companies claim to be “the best,” but don’t live up to the hype when you look closely at the details. That’s one of the differences of sourcing a local factoring company near Seattle or in Washington state through us. We have worked in a factoring company previously and we know what the best practices look like. We know what great customer care feels like, and what is involved in providing it. We know that you are looking for a factoring company that will say “yes!” and offer fast funding, low factoring rates, and advance you as much as possible since that is the point, after all.
We will help you find invoice factoring services based here in Seattle that offer:
- Fast funding – get an advance the same day you factor
- Fast underwriting processes and high approval rates
- Low factoring fees and high advances
- No requirement to commit to factoring minimums or a long term contract
- Non-notification white labeling options
- Recourse as well as nonrecourse invoice factoring
- A high level of customer service day in and day out
Put our expertise to work! Get a free, no-obligation quote for invoice factoring and find out whether it’s a good option for your business.
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