A Richmond, VA PO Funding Company
Bankers Factoring is your Richmond, VA PO Funding & Factoring Company
Richmond, the state capital of Virginia, is home to seven Fortune 500 companies and over 225,000 residents. Richmond, nicknamed the River City, is known for its well-preserved history with museums, statues, and other monuments through the Civil War. The River City has plenty of canals, easy access to the James River, and an emerging social and nightlife. Bankers Factoring is proud to provide Richmond-based companies with cash flow solutions such as invoice factoring and PO Financing.
The economy in the Richmond area is boosted by strengths in the financial, medical, technology, manufacturing, and transportation industries, making this a prime location for new businesses. The Richmond region is home to 300 international companies from 30 countries. The pro-business environment of Virginia helps Richmond leverage its talented workforce, social offerings, and enables businesses to flourish.
Bankers Factoring is honored to serve the Richmond and Norfolk areas as a Virginia-based Invoice Factoring company to meet their small business needs.
There are many benefits for choosing Bankers Factoring over other VA factoring companies. Below are just some of the benefits.
- Quick qualifying and approval process
- Immediate funding
- Competitive rates
- VA Company Trucking Factoring Programs
- 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 Charleston 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 Charleston, WV Companies in:
Bankers Factoring helps import and export trade companies with alternative lending solutions such as accounts receivable financing in many regions, including Asia, Europe, Mexico, Central, and South America.
We offer PO funding to the Foreign-Trade Zones in Virginia including those in Richmond and Norfolk.
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 slow-paying commercial customers?
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What Makes Bankers Factoring Different?
There are many Richmond, VA 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.
With a steady cash flow and profit, Richmond and Norfolk business owners can keep growing their businesses from a local Anchorage 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 Richmond 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 pres-sold goods for you as part of our unique Norfolk & Richmond 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
- VA Free Trade Zone Import Financing
- 24/7 Online Reporting
- Credit Services & Risk Analysis