Bankers Factoring is your Chattanooga Factoring Company
Are you having cash flow problems in your Chattanooga business? Bankers Factoring is the local choice for your non-recourse factoring and Purchase Order funding needs in Southeast Tennessee and Northwest Georgia. Our corporate offices in Dalton and regional factoring offices in Atlanta are ready to fund your business.
Chattanooga, the Scenic City, and its array of mountains, ridges, and waterways also provide an excellent landscape for businesses and entrepreneurs. Chattanooga is a popular destination for companies in Tennessee with an affordable cost of living and no income tax. Bankers Factoring is honored to fund Chattanooga businesses with our non-recourse invoice factoring and purchase order financing programs.
As the premier Chattanooga invoice factoring company, Bankers Factoring has a local office ready to help businesses grow.
The Greater Chattanooga Region stretches from Tennessee into Georgia and covers six counties. The significant economic industries include automotive, advanced manufacturing, food and beverage production, and back office. Since 2008, the region has attracted more than $6 billion in foreign direct investment.
With the diverse economy, warm weather, fastest broadband connection globally, and quality healthcare, entrepreneurs and startups continue to flock to Chattanooga.
Bankers Factoring Funds Chattanooga, TN Companies in:
Aerospace & Aviation
Bankers Factoring helps import and export trade companies with alternative lending solutions and factoring programs such as accounts receivable financing in many regions, including Mexico, Germany, the Caribbean & Latin America, for goods coming through the Chattanooga Free Trade Zone.
Bankers Factoring Invoice Factoring & Trade Financing solutions allow growing companies along the I-24, I-75, & I-40 Corridors to carry out their growth plans by covering their operating expenses. With extended credit terms, why wait 90 days for your payment?
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What Makes Bankers Factoring Different?
There are several factoring companies in Chattanooga & NW Georgia, but what makes Bankers Factoring unique? Firstly, we are one of the few employee-owned Tennessee factoring companies. Our people, the owner-employees of Bankers Factoring, care about their business as much as you care about your small business.
Fellow entrepreneurs honestly working together leads to success in business. We are a very different type of A/R Funding and invoice factor in Chattanooga, Tennessee.
Secondly, we take the credit risk for you. As long as you take care of your customers’ needs and deal with us honestly, Bankers Factoring can supply businesses of all sizes with endless working capital and credit protection through our accounts receivable financing services.
With a steady cash flow and profit, Chattanooga business owners can keep growing their businesses in Cleveland, South Pittsburg, Monteagle, or Cookeville from a local Chattanooga accounts receivable factoring & trade financing 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. 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 Companies Works
You operate your Chattanooga 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 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 financing solutions and business financial services.
Bankers Factoring is also your Chattanooga PO funding company. While invoice factoring accelerates the payments forward 30-90 days on delivered goods, Purchase Order Financing or PO Funding buys the goods for you so you can meet your customer’s needs. Bankers has you covered from manufacturing costs to final payment, from invoicing to collections, with our unique business finance solutions.
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
- Same Day Funding after Setup
- Serving Small & Medium Sized Companies
- Apply Online in Minutes
- Your Local Chattanooga Factoring Company
- Dalton & Atlanta, GA offices, too
- Trucking company invoice factoring programs
- No Hidden Fees
- 24/7 Online Reporting
- Credit Check Services & Risk Analysis