Bankers Factoring: Your Local Idaho Factoring Company
Idaho, also known as the Gem State and the Potato State, is home to approximately 1.8 million residents. Additionally, Idaho is home to three Fortune 500 companies, Albertsons, Boise Cascade, and Micron Technology Inc. Some 72 different precious and semi-precious gemstones have been located in Idaho. The Star Garnet is only found in Idaho and India. Bankers Factoring is proud to be the leading Idaho Accounts Receivable Factoring Company helping businesses solve their cash flow problems.
Major industries in the Potato State include food processing, lumber products, chemicals, paper, mining, and tourism. Idaho produces nearly one-third of the potatoes grown in the U.S. One of the most significant sectors in science and technology, led by semiconductor maker Micron Technology. There is no better time to launch or expand your business in Idaho. Thanks to a combination of low taxes, a balanced state budget, and a commonsense regulatory environment, our economy is one of the strongest in the nation.
Bankers Factoring finances Idaho Businesses in the Industries of:
Grow your business in Idaho using an Idaho factoring company, Bankers Factoring. We offer invoice factoring and purchase order financing so you can turn your invoices into instant cash and your purchase orders into salable products.
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PO Financing in Idaho
With Idaho being energy, tech, and logistic hub for many fast-growing industries, not having funds to fill an order can happen. Additionally, having cash flow problems in your business is not conducive to growth. What you need to keep growing your business is purchase order financing.
Purchase Order (PO) Financing is a B2B or B2G solution where a PO financing company like Bankers Factoring can buy the supplies you need or use our credit to arrange terms with your vendors. With PO financing, you can get to work and deliver your promise to your client. And since you also plan to factor the invoice for that order, we can offer you the PO financing you need.
What is the difference between invoice factoring and PO financing? It lies in when each is utilized. Invoice Factoring is used after you have sold and delivered your goods and services. PO funding is used to buy or finance the purchase of finished goods so they can be shipped to your customer, the Account Debtor.
To qualify for PO financing you must:
- Sell to B2B or B2G Customers
- Your Minimum gross profit must be at least 20%
- Have experience with similar products and comparable clients
- Transactions per month of no less than $50,000
- Provide qualified purchase orders or letters of credit form your customers
The Bankers Factoring Idaho Advantage:
As an employee-owned factoring company, we are familiar with how cash flow problems can set a company back. We provide the help you need to fulfill your promises to your customers.
- We take the Credit Risk
- Discount Rates as Low as .75%
- $25,000-$10,000,000 Invoice Credit Line
- Same Day Funding after Setup
- Apply Online in Minutes
- No Hidden Fees
- 24/7 Online A/R Reporting
- Credit Services & Risk Analysis