IDAHO FACTORING COMPANIES
Invoice factoring is a financial solution that Idaho factoring companies offer that converts outstanding invoices into immediate cash for your business. At Integrity Factoring, we offer many different types of factoring from oilfield factoring to trucking factoring services. However, before you determine whether or not invoice factoring would benefit your business, it’s important to understand its potential benefits. That’s why we’d like to provide you with the following information before determining whether invoice factoring is right for your company.
IMMEDIATE CASH FLOW
The main purpose of invoice factoring services is to provide businesses with immediate cash and income. Since nearly 60% of all invoices are paid late, your business can seriously suffer to the point of going out of business without the necessary cash flow it needs. In fact, nearly 82% of businesses throughout the U.S that fail do so because of cash flow problems. Idaho factoring companies like Integrity Factoring can help you avoid falling behind on your expenses, payroll, and more by paying you for the work you’ve already provided.
Unlike traditional bank loans and other financing options, invoice factoring comes with a wide variety of other services besides cash flow relief. When you work with an Idaho factoring company like Integrity Factoring, you also get a team of professionals that provide additional services that support your company. Some of these include invoicing and collections services, free credit checks, reporting tools, and more.
So when you’re considering a financial solution, remember to look at more than just fees. It’s important to weigh the potential savings of time and money that working with Integrity Factoring can provide you with our suite of back-office services.
FLEXIBLE FINANCIAL SOLUTION
For many businesses in Idaho, cash flow problems can be a short-term problem. Invoice factoring can help bridge the gaps caused by seasonal fluctuations or other unforeseen changes. In fact, Integrity Factoring offers different programs based on the individual needs of our clients. And because invoice factoring isn’t a loan, you won’t be stuck with debt like you would if you took on a line of new credit.
There’s no shortage of funding options available to companies looking for financial solutions. At Integrity Factoring, we’ve worked with thousands of businesses just like yours by providing the funding and back office support they need to maintain and grow their companies.
Ultimately, it’s important to consider these top three benefits to help you determine whether or not invoice factoring is right for your business. For more information about the invoice factoring services we provide, contact us at 866.834.2746 today.