Bankers Factoring is your Lexington, KY PO Funding & Factoring Company
Lexington, Kentucky, is an emerging city with over 320,000 residents with plenty of outdoor activities, social events, and strong public schools. Home to the University of Kentucky and Fortune 500 company, Valvoline, there are substantial economic and business opportunities in the “Horse Capital of the World.”
Bankers Factoring is proud to serve Lexington and the Fayette county area with invoice factoring and PO Financing cash flow solutions. With strong local traditions, Lexington ensures its residents have plenty of opportunities. The local economy has strong roots in the international bourbon and equestrian industries.
The Bluegrass Country also has robust economic benefits from its agriculture and manufacturing industries. Lockheed Martin and Hitachi both have production facilities in the surrounding area. Many young professionals call Lexington home with its economic diversity, vibrant social offerings, and low cost of living.
There are many benefits for choosing Bankers Factoring over other Kentucky factoring companies. Below are just some of the benefits.
- Quick qualifying and approval process
- Immediate funding
- Competitive rates
- We take on the credit risk
- Flexible lines of credit for your needs
Bankers Factoring is the leading invoice factoring and PO Funding company in the Lexington and Northern Kentucky area. As an employee-owned invoice factoring company, we are committed to helping our clients grow their businesses by providing quick access to working capital.
Bankers Factoring Funds Lexington, KY Companies in:
Biotech & Bioscience
Aerospace & Aviation
Bankers Factoring helps import and export trade companies with alternative lending solutions such as accounts receivable financing in many regions, including Mexico, Central, and South America.
We offer PO funding to the Foreign-Trade Zones in Kentucky include the Louisville & Jefferson County Riverport Authority, the Greater Cincinnati FTZ, Inc., and the Paducah McCracken County Riverport Authority
Accounts receivable financing, also known as invoice factoring, is a standard financial solution many companies use to obtain steady cash flow. Accounts receivable funding speeds up cash flow cycles and gives you cash to operate your business.
Why wait 90-days or longer for payment from commercial customers?
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What Makes Bankers Factoring Different?
There are many Lexington factoring companies to choose from, but what makes Bankers Factoring unique? Firstly, we are one of the few employee-owned 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. Our finance solutions come from a unique perspective.
Secondly, we take the credit risk for you based on the financial strength of your customers. 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, Kentucky business owners can keep growing their businesses in Lexington, Paducah, or Bowling Green from a local Lexington trade financing and purchase order funding 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. After you send your invoices to us, 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 Kentucky business, selling your products or services on Net 30-90 day payment terms to your B2B or B2G clients. Then using our receivables factoring services, you sell your open invoices from customers to Bankers Factoring. We then confirm that your customer is creditworthy and they are 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, non-recourse accounts receivable factoring.
We can also buy pres-sold goods for you as part of our unique Kentucky PO Funding company program.
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. Faster than a bank loan
- No Hidden Fees
- Purchase Order Financing Company for Importers
- Louisville Riverport Authority Import Financing
- 24/7 Online Reporting
- Credit Services & Risk Analysis