Machine Shops
The Basics of Manufacturing and Machine Shops Factoring
Manufacturing can at times be a long process, so having immediate cash flow upon delivery is a necessity. But, as you know, many customers do not want to pay COD; therefore, you have to extend them credit terms of Net 30 or Net 60 days. Capital Partners offers accounts receivable financing for manufacturers of any kind that need help with cash flow. We have been providing cash-flow solutions for many years and have been the #1 manufacturing accounts receivable financing and Machine Shop Invoice Factoring company four years in a row. Our manufacturing factoring experts are here to answer your questions about how factoring and accounts receivable financing will help your manufacturing business grow.
Manufacturing Receivables Factoring
So what is manufacturing factoring finance, and how does manufacturing factoring provide cash on hand and working capital? The flexibility of our invoice factoring options can help your manufacturing company continue to grow. It’s like turning a Net 30/60 customer into COD! The cost is reasonable too, and it is no different than having a merchant credit card. In fact, you actually get more services with invoice factoring than you would with a merchant credit card. Advance rates range from 80% to 90%, and factoring fees begin as low as 1%. Contact Capital Partners today, and let us help your manufacturing business flourish.
How Manufacturing and Machine Shop Factoring Works
In the past, many manufacturers were able to qualify for traditional bank lending. But in today’s business environment, that is not always the case. Many companies within the manufacturing and hi-tech industry are now experiencing the benefit of invoice factoring; in fact, an increasing number of manufacturers are finding that accounts receivable factoring is actually a better alternative, as accounts receivable factoring does not create debt.
The Benefits of Manufacturing and Machine Shop Factoring Most of our clients use invoice factoring as the best alternative financing solution to pay for ordinary day-to-day expenses, keep payroll and payroll taxes current, buy more equipment or inventory, and invest in research and development. Our machine shop factoring solution helps with providing credit advice on new companies you are thinking of manufacturing for. This credit advice lowers credit losses and write-offs, something a growing company like yours cannot sustain. At Capital Partners, we manage all your accounts receivable back-office operations, becoming an extension of your business. This way, you don’t have to hire additional staff. Not having to worry about your invoices or when you will get paid allows you to spend more time building your business and less time worrying about collecting money.
Let Capital Partners be your manufacturing and machine shop factoring company, and get a head start on growing your business today! We are THE leading manufacturing and machine shop factoring company. Our factoring manufacturing receivables services are second to none, and we put our years of manufacturing industry factoring experience to work for you!
Contact us today, or fill out our Express Application Online.
You’ll learn more about our easy qualification process and fast invoice funding, as well as have the opportunity to receive a free, no-obligation quote and consultation. We don’t require tax returns or financial statements. We also offer a 90-day trial period. Already received a quote from a competitor? Let us know, and we will meet or beat their offer.
