Bankers Factoring is your Memphis TN Factoring Company
Memphis, Tennessee, is authentic southern living, home of Blues music and the birthplace of Rock and Roll. The city recently adopted the nickname the “Grind City.” It is easy to understand being rated one of the ten best cities for a startup while providing affordable living and vibrant social events. Memphis serves as the county seat in Shelby County, part of the Memphis Metro Statistical area covering eight counties across Tennessee, Mississippi, and Arkansas.
Bankers Factoring is honored to be the leading Memphis-based invoice factoring company. We provide financial solutions to businesses seeking cash flow, payroll funding, and PO trade financing. To learn more about invoice factoring solutions or accounts receivable factoring, visit our previous article How Invoice Factoring Works.
The local economy in Memphis is boosted by Fortune 500 companies such as FedEx, AutoZone, and St. Jude Children’s Hospital. Aside from these companies, the transportation, warehousing, and manufacturing industries are a cornerstone of the $77 billion GDP in the Metro.
As a whole, these are the industries that drive the West Tennessee economy.
Bankers Factoring works with Memphis companies to secure the working capital necessary to grow their business.
Bankers Factoring Funds Memphis, TN Companies in:
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 Memphis Free Trade Zone.
Bankers Factoring Invoice Factoring & Trade Financing solutions allow growing companies along the I-55 & 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? We offer fast access to working capital from slow-paying customers. Unpaid invoices now equal working capital in less than 24 hours.
"*" indicates required fields
What Makes Bankers Factoring Different?
There are a number of factoring companies in Memphis & West Tennessee, 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 Memphis, 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, Memphis business owners can keep growing their businesses in Jackson, Union City, and Selmer, TN from a local Memphis 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 Memphis 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 Memphis TN 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-Faster than a Bank Loan
- Your Local Factoring Company
- Nashville Factoring Offices
- Chattanooga Factoring Offices
- Trucking company invoice factoring programs
- No Hidden Fees
- 24/7 Online Reporting
- Credit Check Services & Risk Analysis