Bankers Factoring: Your Local Indiana Factoring Company
Indiana is home to seven Fortune 500 companies, great midwestern living, and significant economic development in Indianapolis, the state capital. It also provides a friendly environment in rural settings where locals enjoy unique foods, watch basketball, and experience a high quality of life.
Bankers Factoring is proud to serve Indiana-based companies with their working capital and business finance needs.
Indiana ranked as the eighth-best place for entrepreneurs, with a low cost of living and high quality of life drawing their attention.
With a low cost of business, Indiana is home to major corporations like Anthem, Eli Lilly, Cummins, Berry Global Corp., and Steel Dynamics. The profound infrastructure across the state helps the transportation, energy, manufacturing, and technology industries create a strong Indiana economy and future growth.
Bankers Factoring is honored to serve the agriculture industry across the state of Indiana, which provides thousands of jobs every year. Some of the most valuable products produced on local farms include corn, soybeans, wheat, hay, and tomatoes.
Indiana is a forward-thinking state investing in innovation, technology, and healthcare.
Bankers Factoring finances Indiana Businesses in the Industries of:
Aerospace & Defense
Grow your business in Indiana using an Indiana 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 Indiana
With Indiana being a manufacturing, 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 Indiana PO financing, you must:
- Selling 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 for your customers
The Bankers Factoring Indiana Advantage:
We know how cash flow problems can set a company back as an employee-owned factoring company. 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