Bankers Factoring is your Palm Beach County Factoring Company
With our corporate offices just down the road in Fort Lauderdale, Bankers Factoring’s West Palm Beach office is the local choice when it comes to Florida Invoice Factoring Companies and Purchase Order Financing services.
West Palm Beach and Palm Beach County are home to major corporations in many industries such as aerospace, healthcare, staffing, construction, agriculture, manufacturing, and government organizations. Carrier, NextEra Energy, HCA, US Sugar, Pratt and Whitney, and others are among the largest employers in West Palm Beach.
Of 3,100 counties in the nation, Palm Beach County is part of a select 22 counties to earn the highest possible bond rating, AAA, by all three major rating agencies. Palm Beach County is also the only county in Florida to have this designation.
Moreover, Fitch noted the strengths of luxury tourism, technology, manufacturing, and agriculture industries as contributors to the county’s wealth. The opportunity to factor your accounts receivables with a West Palm Beach Factoring Company is a great way to facilitate your business expansion.
Bankers Factoring Funds Palm Beach County, Florida Companies in:
Biotech & Bioscience
Aerospace & Aviation
Bankers Factoring helps import and export trade companies with alternative lending solutions and factoring programs such as accounts receivable financing in many regions, including Latin America.
The Port of Palm Beach is the fourth busiest container port of Florida’s 14 deepwater ports and is the 18th busiest container port in the United States. In financial year 2018, the port moved over 292,304 20-foot container equivalent units.
The Port of Palm Beach supplies 60% of everything consumed in the Bahamas and is the essential lifeline to the rest of the Caribbean.
Bankers Factoring Invoice Factoring & Trade Financing solutions allow growing companies in West Palm Beach, FL to carry out their growth plans by covering their operating expenses. Why wait 90-days for your payment?
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What Makes Bankers Factoring Different?
There are many Palm Beach factoring companies to choose from, but what makes Bankers Factoring unique? Firstly, we are one of the few employee-owned South Florida factoring companies. Our people, the owner-employees of Bankers Factoring, care about their business as much as you care about yours. Fellow entrepreneurs honestly working together leads to success in business.
Secondly, we take the credit risk for you. 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 through our accounts receivable financing services.
With a steady cash flow and profit, Florida business owners can keep growing their businesses in Boca Raton, Fort Lauderdale, or Jupiter from a local Palm Beach trade financing company.
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 only verify that your products and services satisfy them.
Sadly, 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 inevitably takes a hit.
How Invoice Factoring Works
You operate your South Florida business, selling your products or services on Net 30-90 day terms to your B2B or B2G clients. Then using our receivables factoring services, 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. Our commercial credit solutions are so much easier than bank financing.
After invoice verification, we wire you 80-90% of the net invoice amount on the same day. After your customer pays in 30-90 days, you get the remaining balance, minus the Bankers Factoring fees. Repeat as often as you generate credit-worthy invoices for unlimited working capital via our unique cash flow solution.
Benefits You Get With Bankers Factoring:
- We take the Credit Risk!
- Discount Rates as Low as 0.75%
- $25,000-$10,000,000 Invoice Line of Credit
- 24 Hour Funding after Setup
- Serving Small & Medium Sized Companies
- Apply Online in Minutes
- No Hidden Fees & Streamlined Factoring Process
- Port of Palm Beach Import Financing Company
- 24/7 Online Reporting
- Credit Services & Risk Analysis by Factorings Best Relationship Managers