Factoring in Alaska

Does your Alaska based company need cash NOW? We can help.

  • Up to 92% cash is advanced for AK Companies

  • Fast and easy financing in as little as 24 hours

  • Bad credit? No problem. We look at the credit of your client, not yours

  • Tax issues? You can be financed

  • Credit protection with every factoring program

Since 1998 we have proudly served the Last Frontier state of Alaska with Invoice Factoring and Purchase Order Funding.

How does Invoice Factoring and PO Funding work for AK Companies?

Non-recourse accounts receivable factoring is an effective financing method for small to medium businesses to access immediate working capital. AR factoring is the selling or assigning of your unpaid invoices to creditworthy clients to a factoring company. Once your invoices are verified and assigned to the factoring company, a factor will advance you up to 92% against your invoices. Non-recourse lowers risk in case of a client bankruptcy. Factoring allows businesses to skip the unreliability and drama of today’s bank loans and lack of lending.

There is a very good chance your business is growing and you are actively billing. Problems arise when you have to put out more material, more labor, more payroll expenses rather than are coming in. The fact is, you need cash now, not in 30-60-90 days. With working capital so precious and difficult to find, invoice factoring can help finance your business.

What Alaskan Industries Benefit From Invoice Factoring and PO Funding?

The oil and gas industry dominates the Alaskan economy, with more than 80% of the state’s revenues derived from petroleum extraction. Alaska’s main export product (excluding oil and natural gas) is seafood, primarily salmon, cod, Pollock, and crab.

Employment is primarily in government and industries such as natural resource extraction, shipping, and transportation. Military bases are a significant component of the economy in both Fairbanks and Anchorage. Federal subsidies are also an important part of the economy, allowing the state to keep taxes low. Its industrial outputs are crude petroleum, natural gas, coal, gold, precious metals, zinc and other mining, seafood processing, timber and wood products. There is also a growing service and tourism sector. Tourists have contributed to the economy by supporting local lodging.

Here is a list of just some of the Alaska client types we have helped with their Working Capital Needs and the Services we provided:

Ready to get funded? Call us toll-free at 866-598-4295, complete our secure online funding application or chat with us.



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