Fort Lauderdale Factoring
While non-Floridians may only think of Fort Lauderdale as a spring break destination, we know it has also become one of Florida’s great success stories. From its world-renowned marine commerce industry to the recent boom in tech, Fort Lauderdale is home to a strong and growing economy with the potential for even greater achievements. However, even in the sunshine state, it isn’t sunny every day! Businesses will naturally go through periods when working capital is sparse. That’s when you can turn to us for the cash flow you need.
Factoring approvals in hours.
Factoring Fort Lauderdale companies at rates from 0.51%. High advances.
Fast account set-up and funding.
Direct access to managers. Zero bureaucracy.
Agreements custom designed to fulfill your business’ special needs.
Transparent service.
Dedicated relationship managers.
Why choose factoring?
We understand, factoring can be confusing to those encountering it for the first time. That’s why we’ve assembled a beginner’s guide for you to read at your leisure. You’ll simply read, in greater detail, that we buy your invoices, advancing you 75-95% of the invoice up front. When your customers pay the invoice, we’ll return the rest, minus our fees. Our relationship managers will gladly take the time to explain everything clearly.
Invoice Factoring
A Simple Guide for Beginners
Are you a good candidate?
Are you suffering from the common dilemma of many small to medium companies–you can’t get a traditional bank loan because of credit problems or other financial issues. If so, invoice factoring solutions may be your best bet. Instead of waiting long periods of time just to be approved for a loan, our application process is quick and painless. We’ll advance you the funding you need within 24 hours after your application is approved.
Some Industries We Serve
Textiles & Apparel
We recognize that South Florida is home to several international textiles and apparel companies. With headquarters and manufacturing plants located in different countries, businesses may have difficulty getting a loan from domestic banks. Therefore invoice factoring may be the perfect solution for these types of companies, in need of immediate cash flow to grow and sustain a business. We base our decision to offer funding to textiles and apparel companies on the quality and quantity of invoice sales.
Medical Staffing
If you run a medical staffing company, you most likely have a large payroll to meet the demands of healthcare in South Florida. We understand you just want to focus on offering your clients quality healthcare, but unfortunately the burden of payroll and other funding issues get in your way. Receivables factoring may be the best fix, as it can lift that burden and allow you to focus on what you do best. We not only purchase your invoices, but monitor the creditworthiness of your customers in order to guarantee you’ll be paid. Our relationship managers are trained to manage your invoices in an unobtrusive yet responsible manner.
Plastics and Metals
Plastic and Aluminum (and other metals) suppliers often face long payment periods by B2B customers who may also be having funding issues. We specialize in providing immediate cash solutions while relieving businesses from having to worry about their customers paying on time. We advance you the cash for your accounts receivable and manage the payment from your debtors in a sensitive yet effective way.
Transportation
As one of the most populated metropolitan areas in the US, Miami-Fort Lauderdale hosts many transportation equipment companies to service the large demand for various modes of transportation in the area. It is only natural for business owner to want to expand and take more customers. That, of course, comes with great costs for equipment and payroll that business owners may not be able to pay. Ironically, the more you grow, the more you are hindered by funding issues. Invoice factoring creates the ability cover these expansion costs without accumulating debt. We simply purchase your invoices so that you can focus on growing your business without worrying about your customers paying their invoices.
Agriculture
With a tropical climate and year-round growing season, South Florida offers a large variety of crops. Naturally, many agriculture companies compete to grow and distribute Florida’s finest. The unfortunate truth, however, is that customers don’t always pay on time. Perhaps your customer is a retail business with poor sales. If they can’t pay you for that last shipment of oranges, your business suffers. This is where we can help. We purchase your invoices so that you can use the cash from invoices immediately, rather than waiting for customers to pay.
Electronics
Electronics manufacturers in South Florida face a dilemma. Trends are constantly shifting and new business demands spring up unexpectedly. In order to keep up, business owners need cash to adjust to these demands with new development and new products. Unfortunately small and/or new businesses don’t always have the cash and they don’t have the credit history necessary to get a traditional bank loan. In this case, invoice factoring is the best option. We provide immediate cash flow so that electronics companies can keep up with the madness. Another issue with small manufacturing companies is that sudden large customer acquisition can put a strain on payroll and production finances. Accounts receivable factoring allows you access cash from previous sales, which you can put towards future sales!
We are a local South Florida factoring company managed by a highly experienced team of Fort Lauderdale factoring experts with established track record within the Florida invoice factoring business.
Your company’s future is important to us. We aim to create a fulfilling long term relationship with our clients. We take pride in understanding your needs and working with you to meet your goals.
While we’re amenable to offering our factoring services to many types of B2B companies, in Fort Lauderdale we often work with industries such as transportation, shipping, agriculture and healthcare. Tell us about your business and we’ll do our best to help!
Call us at 1-855-424-2956 for accessible Fort Lauderdale factoring.