What is Invoice Financing?
Invoice Financing can provide a myriad of quick funding options in as little as 24 to up to 48 hours.
Why do companies use Invoice Financing?
The two main products that a business can use to finance invoice receivables are Factoring Financing and Accounts Receivables Financing.
Factoring Financing involves a bank or non-bank lender purchasing a companies invoice receivables and advancing the business up to 95% of the face value of their sold invoice receivables. Please take a look at our page https://ameridreamcapital.com/factoring-financing/ for a full review of how Factoring Financing works for businesses.
Accounts Receivable Financing involves a company pledging not selling their invoice receivables to a bank or non-bank lender. In exchange for a lesser advance rate of up to 85% of the full value of the invoice/receivable, a company can maintain the invoice collection relationship with their clients.
Please visit our page https://ameridreamcapital.com/account-receivable-financing/ for further information on how Accounts Receivables Financing can benefit a business.
Spot Factoring Financing
Spot Factoring is an Invoice Financing product funded by lenders that allow companies to choose which accounts they are factoring with while keeping other accounts in house. Whether one specific invoice or a few here and there with no long term commitments.
Purchase order financing
Purchase Order Financing is an invoice financing product funded by lenders that provides companies with the capital needed to purchase anywhere from 75% to up to 100% of their supply cost to fulfill a specific Purchase Order.
Progress Payment Financing
Progress Payment Financing is an invoice financing product funded by lenders that provides companies the Construction Industry capital based on a partial advance payment against work that has been completed up to a certain point of the Construction Invoicing process of a job.
Construction Factoring is an invoice financing product funded by lenders that allows Construction industry companies to access capital for up to 90% of their outstanding invoice values, for completed and approved work, except change orders.
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More products that we focus on?
Transportation Factoring & Freight Receivable Financing
Transportation Factoring & Freight Receivable Financing is invoice financing products funded by lenders that allow a Freight or Transportation company to obtain working capital against the full face value of their Transportation or Freight invoice Receivables.
Medical Invoice Factoring & Medical Receivable Financing
Medical Invoice Factoring & Medical Receivable Financing are invoice financing products funded by lenders that allow a Healthcare Provider company to obtain working capital against the full face value of their Medical invoice Receivables.
Government Contract Financing
Government Contracting Financing is Invoice Financing products funded by a lender that allows companies the ability to either create liquidity using their Government Invoices as collateral or Fund the Mobilization of a New Project.
Oil & Gas Factoring And Energy Invoice Factoring
Oil & Gas Factoring and Energy Invoice Factoring are invoice financing products funded by lenders that Oil, Gas, and Energy-Related companies obtain working capital against the full face value of their Oil, Gas, or Energy Invoice Receivables.
In closing, According to a report, the total invoice volume for 2019 surpassed $550 billion in North America alone. Companies selling goods or services to the B2B Industry have to deal with invoice terms that can range from as little as net 15 to up to net 60 business days on average. Words can be shorter at times, and they more than likely are longer the more significant the client. Invoice Financing products offer an outlet to companies with large B2B Commercial clients and lengthy payment terms.
Troy Business Grouphas a team of seasoned Business Financing Consultants that specialize in providing clients with access to all the best Invoice Financing products on the market. Please apply online, email us for an appointment, or call us today. Our team is committed to helping your business grow with Invoice Financing of any sort and will guide you through the loan process each step of the way.