Locally Owned Florida Factoring Company
Bankers Factoring is your Employee-Owned Florida Factoring Company
Florida’s year-round warm weather, beautiful beaches, and numerous theme parks make it a popular tourist spot. But The Sunshine State is not just for vacations. It is also a prime spot to start and grow your business. Florida consistently ranks as among the best states for business. If you are starting a business or enjoying fast growth, turn your accounts receivable into working capital with one of the best Florida factoring companies, Bankers Factoring.
Traditional bank loans can be nearly impossible to obtain. Need help with funding payroll for staffing agencies? Please read our article on why we are the Best Florida Payroll Funding Company to get started.
Thanks to its business-friendly tax policies, affordable land and labor, and ready access to capital, Florida is the hub of 18 Fortune 500 companies in different sectors. Being a Florida corporation, Bankers Factoring is honored to fund Florida businesses with our non-recourse invoice factoring and purchase order financing programs.
Aside from tourism and hospitality, the state also has aviation & aerospace industries, homeland security, information technology, and manufacturing, importing, healthcare, and agriculture. No surprise, then, that Chief Executive Magazine ranks Florida number two in the best states for business in 2021.
Bankers Factoring funds Florida Companies in the Industries of:
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Why Use Bankers Factoring?
As an employee-owned invoice factoring company, we are familiar with how cash flow problems can set your company back. As business owners, we care about our business as much as you care about yours. From Boca Raton to Delray Beach, from Fort Lauderdale to Key West, we provide small business owners with the help they need to fulfill their promises to their customers. Accounts receivable factoring is fast, safe, and pleasant to setup.
In addition, Bankers Factoring takes the credit risk for you. Why? Because there’s only one thing worse than not making the sale, and that is making the sale and not getting paid. We supply small businesses with unlimited working capital and credit protection by turning their accounts receivable into fast and safe cash flow via accounts receivable financing.
We know there are numerous Florida factoring companies to pick from, and we think you will enjoy working with the employee-owners of Bankers Factoring and our immediate working capital solutions through our award-winning receivable factoring services.
What is Invoice Factoring and Purchase Order Financing?
Invoice factoring is a common B2B or B2G business finance solution for businesses needing capital. If your business offers Net 30 to 90-day payment terms, it will be a while before your customers pay their invoices and you get paid. In the short term, no cash flows into your company, and you can’t scale up for growth as unpaid invoices pile up.
But with invoice factoring, Bankers Factoring takes your outstanding invoices and supplies you with working capital on the same day. That way, you can grow your Florida business with up to a 90% advance rate against your invoice amount.
Additionally, Purchase order financing is also a solution Bankers Factoring offers. Your client will give you a large purchase order. However, you don’t have enough funds to buy finished goods from your suppliers, and you can’t wait for a business loan.
Bankers Factoring can buy products for you or use our credit to arrange terms with your supplier. And since you’ll be factoring the invoice with us, we can offer you PO financing so you can fill that order. Repeat as often as you generate credit-worthy invoices for unlimited working capital.
The Bankers Factoring Advantage
- We take the Credit Risk
- Discount Rates as Low as .95%
- $25,000-$10,000,000 Invoice Credit Line
- Same Day Funding after Setup with a high cash advance rate
- Factoring offices throughout Florida
- Apply Online in Minutes
- No Hidden Factor Fees
- 24/7 Online A/R Reporting
- Free Credit Manager