Fast, Affordable Invoice Factoring
Get the working capital your business needs today!
NPK Funding has been providing businesses with factoring for over 5 years. In many cases we can offer the highest advances and lowest factoring rates in the industry. Our clients rely upon us to get them the best factoring terms for their working capital needs. We make the invoice factoring process quick and easy.
Financing approval is not based on company financials, tax returns or even equity to debt ratios. Instead, approval is based on the credit strength and payment history of your customers. Generally we can have a business approved for invoice factoring within 24 to 48 hours.
Our average factoring rate is between 1.5% and 3.5% per month. There are two major variables that we consider when determining the cost of a factoring transaction: the size of the transaction and the credit quality of your clients. Larger transactions with reliable account debtors will usually qualify for lower factoring rates and higher advances.
Don’t wait 30 to 60 days to receive payment from your customers. Use factoring to get your company an advance on your receivables today.
Contact NPK Funding about factoring your receivables today.
Why Factor with NPK Funding?
– No up front fees
– No long term contracts
– Cash today for your invoices
– Higher advance rates
What Industries Qualify for Receivable Finance?
Receivable financing is available to all industries that provide services, or deliver products to commercial accounts. The only qualifications are that your business must sell to a good credit worthy account debtor ( your customer) and the receivable or invoice that can be verified or has an acceptance by that account debtor. Also, the sale must be “final sale” with no contingencies or disputes and the service or product must be completely delivered in order for an invoice to be eligible for funding.
Businesses in all types of industries upon invoice factoring to help their businesses grow. These include companies in industries such as:
Export Factoring
Freight Factoring
Manufacturing Factoring
Textile Factoring
Government Contractor Factoring
Healthcare Factoring
Telecommunication Factoring
Staffing Factoring
Maintenance Company Factoring
…and many others.
Fast Financing: Invoice Factoring in Days, Not Weeks
This working capital solution involves very little underwriting. The approval process is quick and simple. Generally we can expedite the process so your business can get funding in 3 to 5 working days.
What is Invoice Factoring / Accounts Receivable Financing?
Receivable financing is financing that is used by businesses to convert their invoices into immediate cash flow. Most businesses don’t realize that these invoices can be used as collateral for working capital. When pledged as collateral, the business may draw cash against these eligible accounts receivable at any time. Invoice factoring, also known as accounts receivable financing, is not a loan, so there is no need to make payments or create debt.
Invoice factoring allows your business to grow without incurring debt or diluting equity or ownership. In addition, factoring can help a company survive periods of erratic cash flow or seasonal sales cycles. Invoice factoring can help also businesses grow at a faster rate by providing working capital when you need it most.
Get the working capital your business needs today!
Contact NPK Funding today and get approved.
