A State of South Carolina Factoring Company
A South Carolina Payroll Funding Company
As a charming state filled with southern hospitality, low cost of business, and relaxed taxes that support economic growth, many successful companies find South Carolina to be a great location to do business. With an environment that’s friendly to families and professionals alike, your business can discover and live out its true potential in this thriving state.
South Carolina boasts a Goldilocks business environment with a skilled workforce, prime East Coast location, steady population influx, and stunning natural landscape.
Why Invoice Factoring for South Carolina Businesses?
With South Carolina’s prosperous economy, your SC business needs to be able to afford to keep up with the competition, and falling behind is hardly an option. So where do South Carolina businesses struggling with cash flow turn to? One great financial tool is invoice factoring.
Invoice factoring is an innovative, creative funding tool that involves selling your unpaid invoices to an invoice factoring company like Bankers Factoring. Once your South Carolina business has completed a transaction and subsequently created an invoice, you are often stuck waiting for your payment on 30, 60, or even 90-day terms.
You don’t want your money later – you need it now. Factoring invoices gives you that same-day funding after setup.
SC Invoice factoring company programs
Invoice factoring allows you to bypass the drag of slow payment by selling your invoices to an invoice factoring company like Bankers Factoring. After our fast, straightforward approval process, we will send you an immediate cash advance of 80-93%. We will then collect the payment from your customer ourselves, taking the burden off of your hands. Once we have received the payment, you will receive the rest of the reserves from the cash advance.
With this simple, affordable process, your South Carolina business can receive a quick injection of working capital, bridging gaps in cash flow and firmly putting worries of slow payment in the past.
Got more questions about invoice factoring? Have them answered with our invoice factoring FAQ for businesses of all sizes.
Charleston, SC Invoice Factoring Company
Home to the U.S.’s first public university and South Carolina’s largest city, Charleston is a landmark for education and business. Housing successful ventures like Walmart and Boeing, Charleston is propelled by its vibrant community. Our local offices take pride in funding businesses throughout South Carolina with our award-winning invoice factoring services.
Bankers Factoring is proud to provide financial support to these factorable industries that support Charleston’s thriving economy.
- Biotech & bioscience
- Staffing factoring
- Wine & spirit factoring
- Government factoring
- Cable & telecom factoring
- Aerospace and aviation factoring
- Beverage production
- Trucking factoring
Also, read what makes a good invoice when you offer payment terms.
Why Choose Bankers Factoring for Your SC Business?
High Accessibility vs Traditional Bank Loan or Line of Credit
Thanks to issues like little time in business, lack of collateral, or problems with credit, many businesses who truly need funding are not able to easily secure it. Finding your business turned down for loan after loan can be frustrating, and you may be wondering how you’re going to be able to fund your business.
Here’s the good news: if you’ve found your South Carolina business consistently turned down for traditional loans, invoice factoring may hold the answer for you. With banks sending us their loan turndowns, the roadblocks making many businesses not yet bankable are simply not present with invoice factoring, providing greater accessibility, and leveling the playing field for small and medium-sized businesses.
Know what to discuss with your accountant with our article what your CPA needs to know about invoice factoring.
We Take on the Invoice Credit Risk
You may find yourself worried about making sales, but finding yourself in a situation where you’ve made a sale and are now faced with non-payment can be even worse. Thankfully, Bankers Factoring offers something truly unique in the world of factoring to your South Carolina business: bad debt protection from non-recourse factoring. Non-recourse factoring means that if your customer becomes unable to pay thanks to bankruptcy or insolvency, we will absorb this loss, protecting your SC business and taking on all the credit risk.
Learn more about the true security Bankers Factoring provides with our bad debt protection.
The Famous Bankers’ Light Touch with Customers
Customer relationships are essential to running your business, especially in a state known for its kindness and southern hospitality. Because the invoice factoring company collects the payment directly from your customer, you may worry about maintaining strong customer relationships.
With our renowned Banker’s light touch, we ensure your customers are treated with respect and professionalism. As employee-owners, we value customer relations and strive to strengthen yours.
Immediate, Affordable Invoice Funding
Many traditional funding options can take weeks and up to months to get the funding that is essential to your South Carolina business. However, invoice factoring, especially with Bankers Factoring, is one of the quickest funding options. Our approval process is quick, simple, and straightforward, with minimal documentation required. After approval, we are able to provide your cash advance with a remarkably short turnaround of same-day funding.
Learn why factoring companies verify invoices to protect you and us.
We are also proud to provide your South Carolina business with our low, accessible fees that are comparable (and even cheaper) to swiping a business credit card. You will never find a single hidden fee, and our factoring fees are so simple you could calculate them on a napkin.
Invoice Factoring in the State of South Carolina for Small Business Start-Ups
Now that you understand more about invoice factoring and how it funds local South Carolina businesses, you know the full benefits of receiving funding from Bankers Factoring. Don’t hesitate to reach out to us today and begin your journey to true financial health and security.