Bankers Factoring: Your Local Texas Factoring Company
The Lonestar state of Texas is home to over 2.8 million small businesses, and recently major corporations are moving HQ to Texas or building huge facilities. With companies like Apple, Tesla, Oracle, and Hewlett Packard committing to Texas, the opportunities for business growth are exponential, especially with commercial customers.
Stop waiting 30, 60, or even 90 days for customer payments and get funding today with Bankers Factoring invoice factoring programs customized for Texas companies. Texas is the top exporting state in the country for 18 years in a row and with trade financing and A/R Financing from Bankers Factoring offices in Dallas and Houston, we are they to safely feed your growth.
With everything “bigger in Texas,” its fairly mild winters, and depth of major cities makes Texas a popular location for those leaving high-cost states. The favorable business environment, regulatory climate, and large workforce are attractive for businesses and entrepreneurs.
Aside from the big tech boom in Texas, the state is home to major players in the oil and natural gas industry, agriculture, staffing, healthcare, and construction businesses. There is no surprise that the environment for business growth in Texas is booming.
We have funded oil production vendors and suppliers for over two decades through oil booms and softness in oil prices. We want to be your Texas Oil Factor and help get that next million barrels out of the ground.
Bankers Factoring finances Texas Businesses in the Industries of:
Aerospace & Defense
Grow your business in Texas using a Texas invoice 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.
From San Antonio to Midland, from Fort Worth to Abilene, from the oil fields to trucking companies, we supply small companies in Texas, the backbone of the Texas economy, with unlimited working capital through non-recourse factoring services and accounts receivable financing.
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PO Financing in Texas
With Texas being a hub for many fast-growing manufacturing industries, tough situations like 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 form your customers
The Bankers Factoring Advantage:
As an employee-owned factoring company, we are familiar with 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
- Port of Houston Import Financing
- 24/7 Online A/R Reporting
- Credit Services & Risk Analysis