Your Non-Recourse Alabama Factoring Company
Bankers Factoring is your employee-owned Alabama Invoice Factoring Company
Alabama is a great state to call home, with its renowned Southern hospitality and delicious down-home country food. And industry-wise, the state is no longer just steel, iron, and peanut farming. Alabama boasts industries in transportation, aerospace and aviation, automotive, banking, chemicals, oil & gas, trucking, and tourism. And Bankers Factoring is proud to offer accounts receivable factoring and purchase order financing to companies in Alabama, the Yellowhammer State.
Recently, Business Facilities named Alabama as the state with the best business climate. They stated, “It’s all about remembering how the game is supposed to be played, the little things as well as the big ones. In Alabama, they’ve nailed the economic development fundamentals.” It’s proof that Alabama is a great place to be an entrepreneur.
Bankers Factoring funds Alabama Companies in the Industries of:
"*" indicates required fields
What Makes Bankers Factoring Different?
There are many financing solutions available. But what makes Bankers Factoring unique as a Birmingham, Alabama factoring company? Firstly, we are one of the few employee-owned invoice factoring companies. Our people, the owner-employees of Bankers Factoring, care about their business as much as you care about yours. We know cash flow problems. After all, fellow entrepreneurs honestly working together leads to success in business.
We also take the credit risk for you as part of our accounts receivable financing. As long as you take care of your customers’ needs and deal with us honestly, Bankers Factoring can supply you with endless working capital and credit protection. With a steady cash flow and profit, you can keep growing your business in Alabama with our factoring services.
In addition, we will never harass your customers. We are not worried about when and if their payment is coming. That’s the beauty of having your customer’s credit pre-approved. What we do is verify that your products and services satisfy them.
We have noticed through the years that whenever we decline a client’s customer for credit reasons, and the client sells to a not-creditworthy customer, the client will eventually take a hit. We are one of the few local factoring companies looking out for your credit. That’s why we want to be your Alabama factoring companies.
How Invoice Factoring Works
You operate your business, selling your products or services on Net 30-90 day terms to your B2B or B2G clients. Then, you sell your open invoices to Bankers Factoring. We then confirm that your customer is creditworthy and they are happy with your products and services as part of our factoring programs.
After verification, we wire you 80-90% of the invoice amount on the same day or no later than 24 hours. After your customer pays, you get the balance minus the Bankers Factoring fees. Repeat as often as you generate credit-worthy factorable invoices for unlimited working capital.
Turned down for a traditional bank loan? We have special programs for start-ups and business owners with bruised personal credit.
The Bankers Factoring Advantage:
- We take the Credit Risk
- Discount Rates as Low as .75%
- $25,000-$10,000,000 Invoice Credit Line
- Same Day Funding after Setup
- Apply Online in Minutes
- Supply chain financing & PO funding programs
- No Hidden Fees
- 24/7 Online A/R Reporting
- Credit Services & Risk Analysis
- A fast and safe cash flow solution