How much does invoice factoring cost?
The cost of factoring depends on a number of variables. Primarily it is based on two things: The amount of money your business is factoring and the creditworthiness of your customers. For businesses that are factoring large amounts of capital to customers that have very good creditworthiness, factoring rates can be under 1% per month. Generally though, rates will typically be between 1.5% and...
Read MoreWhat is account receivable factoring?
Factor your invoices and get working capital fast. Don’t wait to get paid. Factor your account receivables. Many companies have to wait 30, 60 sometimes even 90 days to receive payment from their customers. By using factoring, also known as accounts receivable factoring or invoice factoring, your company can receive an advance on your invoice usually within 24 to 48 hours of the customer...
Read MoreReceivables Financing for Manufacturers
Is your company growing faster than your working capital? Manufacturing Company Receivable Financing can help. NPK Funding helps all types of manufacturing companies get working capital by financing their accounts receivable. This financing is fast and is a flexible source of funds for manufacturers. By utilizing your accounts receivable as collateral, NPK Funding can advance funds against the...
Read MoreWorking Capital Solutions
Get financing for your business. Our working capital solutions will get your company the money it needs to grow and succeed. Use financing alternatives such as invoice factoring, inventory financing, or purchase order financing to get cash without incurring debt or diluting equity or ownership. Traditional business loans require the company to take on large amounts of debt and it can take...
Read MoreAlternative Collateral Options
Use inventory or accounts receivable as collateral for financing. Do not dilute your company equity or take on large amounts of debt. NPK Funding’s flexible financing options will get your business the cash it needs to succeed and grow without incurring debt or having to sell equity in your business. NPK Funding will verify the strength of your invoiced customers and their ability to pay...
Read MoreFlexible Financing Programs
Why pay for expensive, long-term financing when you do not need it? Use our short-term financing programs and only pay for financing when you want it. Financing options such as invoice factoring allow businesses to borrow against accounts receivable as needed. If your company doesn’t need the working capital, then it is not charged a fee. Invoice financing is used by thousands of...
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