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Invoice factoring for small businesses

By March 25, 2019 No Comments

“Invoice factoring” allows you to access funds trapped in your unpaid invoices. It is one of the most convenient ways for small businesses to finance themselves in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads.

Here is an overview of how it works:  invoice factoring allows you to get advances on your unpaid invoices that are due in 30, 60, 90 days or more.  It is the 60- to 90-day invoices that give small business owners the most headaches.  A backlog of these can make a business owner miss great opportunities or be unable to deal with a major emergency.   With invoice factoring, you get access to your funds quickly so that you can smartly manage and grow your business.

Invoice factoring also works great if your small business has a bi-weekly payroll to cover, but you are on net 30 terms with your customers.   Many times small businesses run short of cash because something always comes up.  It is guaranteed.  It is Murphy’s Law.  And the quickest way to lose your business and be back to working for someone else is by running short of cash and not paying your employees, who have families to care for.

Invoice factoring solves this cash flow problem, and at All Merchant Funding we make the application process simple and straightforward. If 24-hour invoice factoring approvals with a streamlined funding process is what you need for your business now, All Merchant Funding is for you.  All we need is a completed application (APPLY ONLINE HERE) and the three most recent business bank statements to get an offer!

We also provide other funding solutions like a business line of credit, merchant cash advance, cash flow loans, merchant funding, term loans, equipment financing, and equipment loans.

Invoice factoring and the great opportunity
Many small businesses come across unexpected opportunities each year, and the ones who take advantage of them are the ones who have positioned themselves correctly.  For example, a customer may want to order more products or launch a new project, or a new client may be interested in doing business with your company.   Many of these opportunities call for capital on your end.  But if that capital is tied up in unpaid, long-term invoices, you miss the boat.  Invoice factoring solves this problem.

Invoice factoring for staffing companies
Staffing companies are a great example of a small business that needs strong cash flow and invoice factoring.  They usually have clients pay invoices 30- to 60-day net terms.   If you could pay your temps immediately or within a few days, the temps would love it and spread the word about your great company.   Do not pay the temps but every two weeks or more, and the enthusiasm and edge you gain is lost.

There are many moving parts to invoice factoring.  Some factoring companies in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads are not as transparent at others, so you will need to ask pointed questions.  We encourage you to look around our website and read the articles on invoice factoring so you are educated on the process when you make that call.

Our service area includes Alabama, AL, Arkansas, AR, Delaware, DE, Florida, FL, Georgia, GA, Kentucky, KY, Louisiana, LA, Maryland, MD, Maine, ME, Michigan, MI, Mississippi, MS, North Carolina, NC, New York, NY, Ohio, OH, Pennsylvania, PA, South Carolina, SC, Tennessee, TN, Texas, TX, Vermont, VT, Virginia, VA, and West Virginia, WV.

IF YOU ARE LOOKING FOR local factoring companies as well as a honest partner to help grow your business, please contact us at (800) 628-1001 or funding@allmerchantfunding.com.  Thank you!

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All Factoring Companies Are Not Equal
Our company is located in Chesapeake and serves businesses in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, and the Eastern Shore.  Clients count on us for many types of financing like invoice factoring, equipment financing, equipment loans, merchant funding, small business loans, a business line of credit, merchant cash advance, cash flow loans, and term loans. If 24-hour approvals with a streamlined funding process is what you need to grow your business, All Merchant Funding is for you.

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