The Best Miami, Florida Payroll Funding Company
What is Invoice Factoring?
Invoice factoring is a financial solution that allows businesses to convert their outstanding invoices into immediate cash flow. This process involves selling unpaid invoices to a factoring company, which then provides the business with a cash advance. By leveraging invoice factoring, businesses can improve their cash flow and manage their financial obligations more effectively. This alternative financing method is particularly beneficial for companies facing long payment cycles, as it provides immediate cash to cover operational expenses and invest in growth opportunities.
Bankers Factoring is your Miami Factoring Company
With our corporate offices just up the road in Fort Lauderdale, Bankers Factoring’s Miami office is the local choice for Florida Invoice Factoring Companies and Purchase Order Financing services. Bankers invoice factoring turns outstanding invoices into immediate cash flow and we take the credit risk.
Miami ranked #2 in Starthubcenters.com Top 10 Best Cities to Start a Business in the United States.
Large companies, such as Google, Twitter, Facebook, and Apple, have offices there as well, so you’re already among tech giants. Miami’s close ties with Latin America have proven to be beneficial for companies hoping to extend their reach south but be sure to pick up some Spanish before moving here. Additionally, there is no state tax, and housing can be cheaper.
Many VCs and angel investors are also looking for the next disruptive idea. Miami is ideal, not just for the beaches, but also for starting a new business.” states David Ben, StartHubMiami.com
Bankers Factoring Funds Miami, Florida Companies in:
Biotech & Bioscience
Aerospace & Aviation
Beverage Production
Bankers Factoring helps import and export trade companies with alternative lending solutions such as accounts receivable financing in many regions, including Latin America. More importantly, the Kauffman Foundation designated Miami, Florida, as the #1 city and state for startup activity.
International trade companies are busy with Miami as the #1 port in the country. Bankers Factoring trade financing solutions allow growing companies to carry out their growth plans. Why wait for 30- to 90 days for payment from companies in Miami?
Accounts Receivable Factoring
Accounts receivable factoring is a type of invoice factoring that involves the sale of outstanding accounts receivable to a factoring company. This process allows businesses to convert their outstanding accounts receivable into immediate cash flow.
By selling their accounts receivable, businesses can quickly access the funds they need to cover operational expenses, invest in growth, and manage their financial obligations. Accounts receivable factoring is an effective financial solution for businesses looking to improve their cash flow and reduce the risk associated with unpaid invoices.
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What Makes Bankers Factoring Different?
There are many Miami factoring companies to choose from, but what makes Bankers Factoring unique? Firstly, we are one of the few employee-owned South Florida factoring companies with offices in West Palm Beach, Fort Lauderdale, and Tampa. 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 Miami from a local Miami trade financing company providing cash flow solutions.
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 non-creditworthy customer, the client inevitably takes a hit. As a business owner, we want you to survive and thrive with our working capital solutions through accounts receivable factoring.
How Invoice Factoring Works
You operate your South Florida business, selling your products or services on Net 30to 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 customers are creditworthy and happy with your products and services.
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
- Miami Import Financing
- 24/7 Online Reporting
- Credit Services & Risk Analysis
Ready for Bankers Factoring to fund your Miami sales with our invoice factoring services?
Call or go to our Bankers-Factoring Application
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