Manufacturer Factoring : Allentown, PA
Did you know?
Recently, several Allentown manufacturers and suppliers to industry have run into some difficulties. It seems that their larger customers have decided 30 days isn't enough to wait on payment, 90 days is better. Has this happened to you?
You need to talk to one of our reps at Invoice Advance — we'll arrange a program which advances the majority of your open invoice(s) — the day you invoice. Not 30, 60 or 90 days later. Give us a call and tell us your story.
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.