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Bankers Factoring

an Employee-Owned Accounts Receivable Factoring Company

Employee-Owned A/R Factoring Company

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Bankers Factoring

Home Factoring for Tech Companies

Factoring for Tech Companies

Technology and Communications Factoring

Tech Company Invoice Factoring

Invoice Factoring for Technology Companies

Is Factoring the Right Funding for your Technology Company?

Table of contents

How Factoring Works

The factoring process typically involves the following steps:

  1. Invoice Sale: A business sells its outstanding invoices to a factoring company.
  2. Credit Evaluation: The factoring company evaluates the creditworthiness of the customer and determines the advance rate, which is the percentage of the invoice value that will be paid to the business.
  3. Advance Payment: The factoring company pays the business the advance rate, minus any fees or charges.
  4. Payment Collection: The factoring company collects payment from the customer.
  5. Final Payment: The factoring company pays the business the remaining balance, minus any fees or charges.

Factoring companies often specialize in specific industries, such as technology, and may offer customized factoring programs to meet the unique needs of businesses in those industries. By understanding how factoring works and the benefits it offers, businesses can make informed decisions about whether factoring is the right financing option for them.

How does Non-Recourse Factoring Benefit Your Tech Company?

Tech companies can increase their sales exponentially; with that growth is their need for working capital. Add a burn rate to explosive growth, and their cash flow needs are relentless. Technology companies need a cost-effective funding source that can scale with them. Non-recourse invoice factoring from Bankers Factoring with tiered factoring pricing is a factoring service designed for fast-growth start-ups and the tech industry.

traditional business financing from a bank can be close to impossible for tech companies to acquire business loans. That is where factoring services from Bankers Factoring can alleviate your cash flow crunch with our finance solution for fast-growing businesses. A factor business line is one of the safest and fast ways to turn illiquid invoices into same-day working capital.

Information technology companies’ main costs are labor and client acquisition. Angel, venture capital, and pre-seed money can be expensive and dilutive of your equity. Accounts receivable financing for technology companies from Bankers Factoring can grow with you, take the credit risk, and let you still own 100% of your tech company (unless you want to give us warrants-lol).

From early-stage to small business to millions of dollars in sales per month, fast funding for tech is a Bankers Factoring core product. Our founder is a Georgia Tech graduate, so the technology industry and what your tech company offers holds a special place for the owner-employees of Bankers Factoring.

We also have a special funding niche in the cell and cable industries.

Don’t wait 90 days for your Fortune 500 customers’ payments. Turn up to 90% of your outstanding invoices into non-dilutive business capital. Once you are set up with our tech-enabled accounts receivable factoring, submit invoices for funding in less than 24 hours. Our funding is based on your customer’s credit rating, not yours.

We also have special factoring programs for IT companies.

We have funded companies in The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, so we understand technology factoring-SBIR-STTR. Technology factoring is faster and more robust than a business loan from the San Francisco banks. We also offer discount factoring for early-stage tech startup companies and SAAS companies to bridge their cash flow gaps.

You focus on business expansion and we will supply fast business funding turning unpaid invoices into ready cash flow.

Let working capital from Bankers Tech Factoring be one of your critical success factors. The local bank won’t give you enough money. We have special factoring programs for bank turndowns.

Ready for the owner-employees of Bankers Factoring to fund your entrepreneurial dreams in telecom? Call 866-598-4295 or go to Bankers-Factoring-Application.

(866) 598-4295

Get Fast Working Capital through Invoice Factoring

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