Bankers Factoring: Your Local North Dakota Factoring Company
North Dakota, also nicknamed The Peace Garden State and Norse Dakota, is home to over 73,000 small businesses and the perennial North Dakota State Bison Football Championship teams. It is also known for its agriculture, energy, and tourism industries. In addition, the largest cities in North Dakota, such as Fargo, Bismarck, Grand Forks, and Minot, attract travelers, outdoor activities, and business professionals from all over the country. And Bankers Factoring is proud to be the leading North Dakota Accounts Receivable Factoring Company helping businesses solve their cash flow problems.
North Dakota is the home of Fortune 500 company MDU Resources Group, with other businesses such as Scheels All Sports, Forum Communications, and Atlas International driving the job market. The economy in North Dakota is propelled by technology, manufacturing, financial services, transportation, and agriculture businesses supplying goods and services. More importantly, the pro-business environment is supported by friendly taxes, high quality of life, and plenty of options to try diverse foods. Bankers Factoring is proud to provide North Dakota-based companies with cash flow solutions such as accounts receivable factoring and PO Financing.
Bankers Factoring finances North Dakota Businesses in the Industries of:
Aerospace & Defense
Grow your business in North Dakota using a North Dakota 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 North Dakota
With North Dakota 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.
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 from your customers
The Bankers Factoring Advantage:
As an employee-owned factoring company, we know 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