Local Factoring in the State of Kentucky
Bankers Factoring: Your Kentucky Invoice Factoring Company
Kentucky Payroll Funding
With a central location found right in the epicenter of the United States population, Kentucky exemplifies some of the best things about doing business in the U.S.A. Home to some of the most famous businesses and brands in the world, KY holds strong business potential. In this state, you can find a robust, solid business support system in the local government and community, fostering a mindset that leads to creative and driven innovation.
With a high quality of life comes a high quality of business. And the Bluegrass State has a distinct culture and life. From the Kentucky Derby to Louisville Slugger baseball and Kentucky Fried Chicken to delicious southern cuisine, Kentucky’s culture is vibrant and lively. A low cost of living and low cost of business are the cherry on top. As a result, many businesses take full advantage of the extensive benefits of doing business in Kentucky.
Why Factor Your Invoices in Kentucky with Bankers Factoring?
What do Kentucky businesses do when met with the drudge of slow payment thanks to invoices on 30, 60, or even 90-day payment terms? Smaller businesses and startups can often not deal with gaps in cash flow as well as larger, more established businesses can. Yet, they often find themselves consistently turned down for traditional bank loans thanks to issues like credit issues.
Found your Kentucky business turned down on traditional loans? See why banks send us their loan turndowns and know that your search for funding can be fulfilled with our invoice factoring services.
A Kentucky Factoring Company
As a creative, unique funding solution, A/R factoring eradicates all the reasons that Kentucky small businesses may not be able to be approved for a traditional loan thanks to its quick, easy approval process. The approval process for invoice factoring, especially with Bankers Factoring, is simple and fast, requiring little documentation. Our credit checks are also done on your customer instead of you. So if your credit is less than ideal, safe, reliable funding is still within reach. After this short approval process, we are able to provide a remarkably short turnaround of same-day funding.
Read traditional loans vs invoice factoring as a finance solution.
With this innovative funding process, your Kentucky business can go from worrying if you’ll be able to cover all your expenses to truly achieving financial health. With the steady cash flow that invoice factoring provides, the stress of gaps in cash flow transforms into financial security and strong opportunities for growth.
Inform yourself further with our detailed invoice factoring FAQ.
Funding Your Kentucky Business With Bankers Factoring
With the many factoring companies you can find in Kentucky, there are several aspects that make Bankers Factoring truly unique. As an employee-owned business, we intimately understand what it takes to run a business. We truly care about seeing yours succeed. This mindset seeps into everything we do, and we are always looking out for you.
Our award-winning services do not just stop at securing reliable funding for your business. We also provide low, affordable fees, bank loan turndown programs, immediate same-day funding, an easy approval process, bad debt protection with non-recourse factoring, and even more benefits for your Kentucky business.
How Does Kentucky Invoice Factoring Work?
After your Kentucky business has successfully completed a transaction and satisfied your customers, you can bypass the potentially months-long wait for payment by selling your unpaid invoices to an invoice factoring company like Bankers Factoring. We will then provide an immediate cash advance of up to 80-93%, providing all the benefits of a quick injection of working capital.
After we have provided your business with the cash advance, we will then collect the payment from your customer ourselves with our famous Bankers’ light touch, taking the burden off of your hands. Once the payment has been collected from your customer, we will issue you the rest of the reserves minus a small fee and an affordable factoring rate.
The invoice factoring process has now been completed, and your Kentucky business can enjoy the full benefits of cash flow now rather than later. There is no limit to how many invoices you can factor, and you can repeat this process as many (or as little) times as you need. There is also no limit placed on how you spend your funding, and the working capital you receive from invoice factoring can be used wherever you need to cover expenses.
Continue learning more about invoice factoring.
Also, understand what makes a good invoice based on your selling terms and customer credit.
Louisville, KY Factoring Company
Not only home to the iconic Kentucky Derby, Louisville also holds home to a strong business community, nicknamed “boomtown” by Forbes. With over 340,000 businesses and three Fortune 500 companies, the economy in this lively city thrives. A pro-business attitude, low commercial rent, affordable energy rates, and low overall cost of business all contribute to this ideal business environment.
- Biotech & bioscience
- Staffing factoring
- Wine & spirit factoring
- Government factoring
- Cable & telecom factoring
- Aerospace & Aviation
- Beverage production
- Trucking factoring
Understand how Bankers Factoring combines PO financing and invoice factoring and the benefits of combining both financial services.
What Benefits Does Bankers Factoring Provide to Kentucky Businesses?
- Solving and bridging gaps in cash flow
- Quick, easy application and approval process
- Same-day funding after approval
- KY Foreign-Trade Zone import factoring
- Transparent, low factoring fees and rates, and zero hidden fees
- Cost lower than swiping a business credit card
- Bad debt protection with non-recourse factoring
- High accessibility – banks send us their loan turndowns
- Famous Bankers’ light touch with your clients
- 24/7 online reporting portal
- Sliding scale fees that drop as your business grows
Learn why Bankers Factoring is the best choice for invoice factoring for your Kentucky business.