Bankers Factoring: Your Local Mississippi Factoring Company
Mississippi, the Magnolia State, is home to the Mississippi River and beautiful, award-winning state parks. And it’s this river that contributes greatly to the economic impact of Mississippi. Not only does it provide drinking water for millions, but it also supports a booming shipping and logistics industry that gave thousands of jobs to the locals. Therefore, it’s what sets the state apart as the ideal place for business. And Bankers Factoring is honored to fund Mississippi businesses with our non-recourse invoice factoring and purchase order financing programs.
What contributes to Mississippi’s success? Firstly, its central location makes it ideal for businesses seeking access to major markets. The logistics and distribution industry thrives in the state, with efficient routes you can take via land, air, or water. And when it comes to business costs and taxes, the state is competitive. In fact, it has one of the lowest corporate tax rates at 5% and offers a variety of incentives for any business size, be it a start-up or a corporation.
Bankers Factoring finances Mississippi Businesses in the Industries of:
Grow your business in Mississippi using a Mississippi 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 Mississippi
With Mississippi being a hub for many fast-growing manufacturing industries, tricky situations like 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 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