Invoice Factoring from GrowCo - Creative Financing for Business Growth
GrowCo Factoring & Financial can help you unlock the cash tied up in your company to maximize your company’s growth. We specialize in invoice factoring, or accounts receivable factoring, as well as purchase order financing, asset-based lending, and merchant cash advances, alsow known as credit card factoring.
You’ll appreciate our fast turnaround times, pleasant attitudes, and competitive interest rates.
How You Can Benefit from Working With Us
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We won’t ask you about complex financial ratios like debt to equity and quick turn ratios – those things don’t matter to us. In fact, the approval process is surprisingly simple and we know you’ll agree. If you need a decision within 24 hours, we’ll work to get that for you.
You can enjoy the benefits of our prompt service and put your cash to work within days of completing our simple quick application above. Use your cash for business expansion, renovations, purchasing inventory and supplies, consolidating debt, payroll or any other needs.
Unlike traditional bank loans, there are no restrictions on how you use your cash.
About Invoice Factoring
Traditional invoice factoring is a way for you to convert your company invoices and future credit card receipts into immediate cash today. You sell these invoices or credit card receipts to us in return for immediate cash.
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Factoring is not a loan so you do not need to make payments and you do not create company debt. Your credit line will not be determined by your company’s financial strength or your personal credit. Your credit line will be determined by the financial strength of your customers and the size of the invoices you hold.
You can get money in days, not weeks or months.
How Invoice Factoring Can Benefit You
We know your business needs cash to grow. In fact, sometimes the faster a business grows, the more its cash flow becomes a concern. If you’ve tried to obtain a bank loan recently, you know the banks move slowly, their approval process is burdensome and most applicants don’t even end up qualifying for a bank loan.
You probably don’t have time to write a business plan and collect the mountains of paperwork the banks demand, let alone time to sit around waiting months and months while bank committees consider your request.
If you have customers that take 30+ days to pay your invoices or your business accepts credit cards regularly and you need cash soon, factoring can help you. There is simply no need to borrow from a bank to get the cash you need – we can help you without all the time and fuss involved in bank loans.
Types of Businesses that Qualify for Invoice Factoring
We can help your company even if your business is seasonal or your company sales swing significantly from month to month. We can even help you if your business is a startup. The only requirements are that you sell to financially sound customers on open credit terms or you consistently accept payments by credit card.
We help businesses in all types of industries. Our invoice factoring is perfect for businesses in the following industries – trucking and freight, temporary staffing, medical, oil and gas, steel buildings, distributors, government contractors, construction, and manufacturing. We can also help foreign companies who export products to the United States.
Our credit card factoring is great if your business consistently takes payment by credit card. Restaurants and bars, liquor stores, and retail stores are great candidates for credit card factoring.
The requirements for invoice factoring are simple. If your business sells to financially sound customers on open credit terms, you will likely be approved. The invoices must be approved by the customer and the sale must be “final” without contingencies or buyback terms. You must have already delivered the service or product to be eligible for funding.
Our other creative financing options include:
You’ll agree that qualifying for these types of loans is far easier than with traditional bank financing. Types of assets you can use for these loans include equipment, inventory, real estate, and recurring revenue contracts.
Give us a call today at (877) 267-0500 or complete our quick application above to get started obtaining the cash you need.
Benefits of Factoring with GrowCo:
- Rates as low as 2%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as 2%.
Call us 24 Hours a Day, 7 Days a Week: (877) 267-0500.