Who Needs Quick Factoring and Payment Solutions?
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 for temp staffing payroll financing. 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.
Oil, gas, energy, & utilities – 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.
Government contract factoring – Contractors, suppliers, and other vendors who fulfill government contracts or retainers can factor to speed up cash flow, including factoring progress payments as well as government staffing factoring.
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.