Bankers Factoring is your Albuquerque PO Funding & Factoring Company
Albuquerque, the Duke City, is home to more than 560,000 residents and multiple colleges, including the University of New Mexico. Albuquerque, New Mexico, is known for a one-of-a-kind hot air balloon festival, distinctive geography, watermelon-colored mountains, and proximity to The Rio Grande. It is also known as a cultural center of the American Southwest, with its novel architecture and many museums. Albuquerque enjoys beautiful weather year-round, with sunshine approximately 310 days out of the year, making this an outdoor enthusiast’s paradise.
Duke City spans 187 square miles with elevations from 4,500 to 6,500 feet above sea level. The breakfast burrito is believed to have its origins at the Albuquerque International Balloon Fiesta in the 1970s. Bankers Factoring is proud to be the leading Albuquerque Accounts Receivable Factoring Company helping businesses solve their cash flow problems.
A few of the more common industries centered around Albuquerque include electric equipment, petroleum and coal products; food processing; printing and publishing; and stone, glass, and clay products. Bankers Factoring funds all these and many other industries.
Some of the other supporting factors for small businesses include zero inventory tax, competitive incentives, one of the lowest property taxes in the nation, low energy costs, and affordable real estate. Bankers Factoring is proud to provide Albuquerque-based companies with cash flow solutions such as accounts receivable factoring and PO Financing.
There are many benefits to choosing Bankers Factoring over other Albuquerque 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 Albuquerque, NM 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 Albuquerque Companies in:
Bankers Factoring helps Albuquerque import and export trade companies with alternative lending solutions such as accounts receivable financing in many regions, including Canada, Mexico, and 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 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 Albuquerque 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.
Whether your company is in Albuquerque, Las Cruces, or Rio Rancho, get funded from a local New Mexico 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 Albuquerque 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 Albuquerque PO Funding company program.
Benefits You Get With Bankers Factoring in Albuquerque:
- 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
- 24/7 Online Reporting
- Credit Services & Risk Analysis