Government Factoring : Fargo, ND
Common government contracting issues:
- Large contracts utilize all your capital and don't pay for 30+ days.
- Lack of cash flow to fulfill weekly payroll and fixed overhead expenses.
- Passing on additional business or contracts and sometimes unable to fulfill obligations.
...do these sound familiar?
At Invoice Advance, we can instill immediate cash into your North Dakota business. We have years of experience in financing receivables (invoices) of companies whose principal business is providing services or manufacturing for government agencies on a local, state or federal level.
The Factoring Cycle:
You sell a product, and or a service to your client.
Step 2:
You invoice your client, and submit a copy of the invoice(s) to Factor.
Step 3:
Factor then verifies the authenticity of the invoice(s) submitted.
Step 4:
Once verified, Factor will fund 70 – 90% of invoice(s) face value.
Step 5:
Factor will now wait on payment of invoice(s) from your client.
Step 6:
Once paid, the Factor pays you the remaining 10-30% (less service fees).
Step 7:
That's all she wrote; repeat "The Factoring Cycle" as often as needed.