Bankers Factoring is your New Orleans Factoring Company
New Orleans, the “Big Easy,” home of the Mardi Gras Festival, is a vibrant city with a robust economy. New Orleans is a diverse city with a significant presence in international trade, manufacturing, and energy industries. The immense number of festivals, social outlets, and residents provides an outstanding work-life balance for locals. Bankers Factoring is honored to fund New Orleans businesses with our non-recourse invoice factoring and purchase order financing programs.
Robust Factoring Company Environment
With some of the largest ports in the world, a pro-business environment, and great culture, many companies make the Big Easy home. Some of the largest employers include Entergy, Tidewater, Stewart Enterprises, and Superior Energy Services. Tourism is a focal point of the economy, from hotels, restaurants, convention centers, and other entertainment that brings in $10 billion a year.
The New Orleans Metro Area, which includes the Metairie –Kenner Metropolitan, has a population of 1.2 million. Many entrepreneurs and companies are moving to the Crescent City because of its unique culture, affordable cost of living, low taxes, and sustainability efforts. The excellent infrastructure from the largest port in the world, railroads, highways, and the fast-growing airport makes New Orleans the #3 exporter in the US.
New Orleans is home to many businesses and entrepreneurs in a rapidly growing environment. Bankers Factoring, one of North America’s most reliable factoring companies, is happy to provide financing solutions for companies in New Orleans. New Orleans Invoice factoring helps Louisiana companies overcome cash flow obstacles and expand in the agriculture, transportation, importing, and staffing industries.
What Bankers Factoring for Louisiana?
There are many benefits to choosing Bankers Factoring over other Louisiana factoring companies. Below are just some of the benefits.
- Quick, easy, and remote qualifying and approval process
- Same-day funding
- The most competitive rates in the industry
- We take on the credit risk
- Flexible lines of credit up to $10 million monthly
Bankers Factoring is the leading invoice factoring and PO Funding company in New Orleans. 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 New Orleans, LA Companies in:
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.
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, provides quick cash, and allows you 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 New Orleans 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, Louisiana business owners can keep growing their businesses in Baton Rouge, Lafayette, Shreveport, or Lake Charles from a local Louisville 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 New Orleans 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 New Orleans 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
- Shreveport Free Trade Zone Import Financing
- 24/7 Online Reporting
- Credit Services & Risk Analysis