Cash Advance Solution

Factoring and Your Business
Can Factoring Benefit Your Business?
With almost limitless power and capabilities to generate new customers, factoring can benefit most companies that deal on a business-to-business or business-to-municipal basis. These industries includes manufacturers, distributors and service providers.

Once associated with providing financing to garment industry, factors now provide working capital to thousands of domestic businesses: truckers, staff leasing companies, machine tool manufacturers, electronics distributors, civil engineers, technology consultants, janitorial services, sleep diagnostics centers, construction contractors, medical providers.

NorthFunding can assist if:
  • Your business provides a standard verifiable invoice for services rendered or merchandise delivered and the terms of payment granted to your customers are 90 days or less.
  • Your company does not already have its accounts receivable pledged as collateral for a traditional commercial loan at a bank or other lending institution.  Even then, your lender will often release the lien.
  • Your customers are of reasonable credit quality and/or broadly diversified (i.e. one non-creditworthy customer does not provide most of your company's business).
Whether your company requires financing for payroll, inventory or simply to develop new business, factoring can help you achieve your objectives by providing quick access to working capital.