Bankers Factoring: Your Local Montana Factoring Company
Montana, known as The Treasure State and Big Sky Country, is home to roughly 1.1 million residents and colleges, including Montana State University and the University of Montana. The Big Sky Country is known for its majestic mountain peaks, open prairies and plains, blue lakes, rivers and streams, and outdoor recreation.
Some of the best places to live in Montana include Great Falls, Billings, Bozeman, and Missoula. These cities offer thriving economies, vibrant culture, and lots of things to do, including shopping, great restaurants, and museums. Downtown Bozeman draws many tourists while Missoula’s microbreweries, concert venues, and charm lures new residents. Bankers Factoring is proud to be the leading Montana Accounts Receivable Factoring Company helping businesses solve their cash flow problems.
The agriculture, forestry, mining, and energy sectors dominate Montana’s economy. The outdoor recreation industry has become necessary, and some high-technology industries have come to the state. Tax Foundation has ranked the state #6 regarding the Business Tax environment. Once you register a new company in Montana, you can benefit from several programs, including energy conservation, agriculture growth, workforce training grants, and other tax incentives. Bankers Factoring is proud to provide Montana-based companies with cash flow solutions such as accounts receivable factoring and PO Financing.
Bankers Factoring finances Montana Businesses in the Industries of:
Grow your business in Montana using a Montana 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 Montana
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.
With Montana being an energy 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.
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