Invoice factoring is an excellent alternative funding option for wholesalers. Waiting up to 90 days for payment puts a strain on your cash flow and inhibits the ability to carry new inventory lines. Add to this the need to offer discounts to your customers to keep inventory moving. A financing option that does not add to your debt ratio enables you to take care of business.
Once you are set up to factor, and your invoice is received, payment will be sent in as little as 24 hours, and your money will be available to keep your wholesale company running. Remember, we also manage the AR for you, taking the pain out of collection.
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*rates subject to change