Manufacturer Factoring : Rio Rancho, NM
A small manufacturing company in a city just like Rio Rancho, started in a garage a few short years ago and has grown to over $3,000,000 in annual sales. How did they do it? Well, a couple of years ago, this garage shop Manufacturer received an order from a national retailer which essentially doubled the business.
At face value this was great news; unfortunately this created a dilemma. How could this small manufacturer double his business overnight? He went to the bank—but you know what they said (something about flaming hoops and flying daggers). This was tough.
Fortunately, someone referred him to Invoice Advance and we did as we do with so many other companies in New Mexico, we facilitated a Manufacturer Factoring arrangement; This enabled him to double his business, double his revenues, and most importantly— double his profits. Call us today, we'd like to help your story too.
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.