Invoice factoring & PO Funding Michigan

Can’t afford to wait up to 60 days to get paid by your clients? We can help you. Invoice factoring allows you to turn your invoices into cash though a very simple financial transaction. We offer invoice factoring services in Michigan and can provide you with the business financing that your business needs.

Get an online factoring quote in seconds. Questions? Call (866) 730 1922. Toll free in Michigan.

Please select the most appropriate product:

• Freight bill factoring: Factoring for trucking companies and freight brokers of all sizes

• Invoice Factoring - Business Services Companies: Factoring for small and medium sized companies such as commercial suppliers, IT consultants, janitorial/cleaning companies that that provide business services

• PO Financing: This product provides the necessary funds to pay your suppliers and deliver on your orders. Purchase order financing is ideal for resellers, distributors or companies that need a letter of credit to pay suppliers

• Export Factoring: Factoring and export finance for small and medium sized companies that export goods abroad

• Trade Finance: Solutions for companies that are seeking trade financing or import export financing

• Construction Factoring: Factoring for companies in the construction trade (contractors, electricians, etc.)

• Medical Factoring: Factoring for small and medium sized medical offices, medical equipment suppliers and any company billing 3rd party insurance

• Small Business Invoice Factoring: Factoring for new businesses, Small office/home office (SOHO), consultants / Infogurus, independent professionals or any business with less than $250,000 in revenues

• Business Loan (alternatives): Our specialized business financing unit, offers alternatives to business loans.

• Factoring Canada: We have a subsidiary based in Ontario (go to Ontario factoring), that can directly finance transactions all across Canada

• Factoring Financing Alternatives: You can also find alternatives at out sister company, Commercial Capital LLC

What is invoice factoring?

Factoring is a tool that allows companies to sell their invoices to a factoring company in exchange for immediate funds. This eliminates the usual 30 to 90 days wait to get paid, and provides you with immediate funds to pay employees, suppliers and rent. Invoice factoring enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.

It is very simple to use.

1. You deliver your product or service and invoice your client
2. You sell your invoices to the factoring company
3. The factoring company advances you the first installment immediately (called the advance). The advance is between 70% to 90% of your invoice
4. The factoring company gets paid by your client 30 to 90 days later
5. The factoring company rebates you the second installment (the 10% to 30% reserve), less a small fee.

Accounts receivable factoring has a great advantage over other business financing products, such as business loans. It is easy to qualify for, can be setup in days and more importantly, it has no set limits. Your receivable factoring line is based solely on how many invoices you can produce. In other words, your financing is based in your company sales. 

If your company is growing and you can’t afford to wait up to 60 (or 90!) days to get paid by your clients, then receivables factoring is the right solution for you.

Need more information about business financing?

Try reading these articles about factoring and business financing.

• Factoring Resource Center
• What is factoring?
• What is invoice factoring?
• What is a/r factoring?
• PO Financing Resource Center
• What is PO Financing?
• PO Financing Basics
• Freight Bill Factoring Resource Center
• What is Freight Bill Factoring?
• Growing your trucking company with freight factoring

Get an online factoring quote in seconds. Questions? Call (866) 730 1922. Toll free in Michigan.

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Last change 7/30/2008