Bankers Factoring is your Sioux Falls, South Dakota PO Funding & Factoring Company
Sioux Falls, South Dakota, also called the Queen City, is home to seven colleges and universities and nearly 200,000 residents. As the largest city in South Dakota and close to neighboring Sioux City with another 80,000 residents, Sioux Falls is excellent for entrepreneurs and businesses. Bankers Factoring is the leading Sioux Falls Accounts Receivable Factoring Company helping companies solve their cash flow problems.
Sioux Falls is home to a robust economy with strengths in healthcare, transportation, financial services, and professional services. As the #5 best place to live in the USA, Sioux Falls provides a family-friendly atmosphere with high-quality public schools. With a central location, favorable taxes, and a growing workforce, Sioux Falls is famous for growing businesses and entrepreneurs. Bankers Factoring is proud to provide Sioux Falls-based companies with cash flow solutions such as invoice factoring and PO Financing.
There are many benefits for choosing Bankers Factoring over other Sioux Falls, South Dakota 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 Sioux Falls 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 Sioux Falls, South Dakota Companies in:
Biotech & Bioscience
Aerospace & Aviation
Bankers Factoring helps import and export trade companies with alternative lending solutions such as accounts receivable financing in many regions, including Canada, 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 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 Sioux Falls, South Dakota 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 Canton, Aberdeen, or Rapid City, get funded from a local South Dakota 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 Sioux Falls 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 pre-sold goods for you as part of our unique South Dakota 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
- 24/7 Online Reporting
- Credit Services & Risk Analysis