Wyoming Payroll Financing Company
Factoring Company in Wyoming
Bankers Factoring: Your Local Wyoming Factoring Company
Wyoming, most known by three nicknames (Equality State, Cowboy State, and Big Wyoming), is home to just under 577,000 residents and a host of colleges and universities, including the University of Wyoming. It is known for Yellowstone National Park, the Rocky Mountains covering the state’s western portion, and Old Faithful Geyser.
Traders and trappers began to explore the land that now comprises Wyoming in the early 1800s after the U.S. gained the territory through the Louisiana Purchase. Bankers Factoring is proud to be the leading Wyoming Accounts Receivable Factoring Company helping businesses solve their cash flow problems.
Wyoming’s economy is heavily tied to mining and agriculture (primarily the marketing of beef cattle and sheep). The state also has a substantial and growing tourist industry, serving millions of visitors to the state’s parks and historic sites. Manufacturing is of only minor importance. The Equality State, Wyoming, is home to many small cities, but the cost of living in them is often well below the national average.
For example, in Cheyenne – Wyoming’s largest city – the average price to purchase a city-center apartment is $77.50 per square foot compared to the U.S. average of $219.10. The state of Wyoming will attract more entrepreneurs, businesses, and startups with its low taxes, clean air, and excellent quality of life. Bankers Factoring is proud to provide Wyoming-based companies with cash flow solutions such as accounts receivable factoring and PO Financing.
Bankers Factoring finances Wyoming Businesses in the Industries of:
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PO Financing in Wyoming
With Wyoming being an energy, tech, meat, and logistic hub for many fast-growing industries, no funds can be available to fill an order. 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. You can get to work with PO financing 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:
- Selling 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 from your customers
The Bankers Factoring Wyoming Advantage:
We know how cash flow problems can set a company back as an employee-owned factoring company. 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
- 24/7 Online A/R Reporting
- Credit Services & Risk Analysis