Factoring in Alabama

Need working capital now for your Alabama company? Can’t wait 30 or 60 days for your money? We can help.

What is Invoice Factoring and How it Benefits AL 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 Types of AL Industries does Factoring Serve?

We have proudly served the Yellowhammer State of Alabama with Business Loans, Invoice Factoring, and Purchase Order Funding since 1998. Known as the Heart of Dixie, Alabama has grown into a leader in iron and steel products (including cast-iron and steel pipe); paper, lumber, and wood products; mining (limestone & coal); plastic products; cars and trucks; and apparel. In addition, Alabama produces aerospace and electronic products, mostly in the Huntsville area, location of NASA’s Space Flight Center and the U.S. Army Material Command, headquartered at Redstone Arsenal.

Much of Alabama’s recent economic growth is due to the state’s expanding automotive manufacturing industry. Located in the state are Honda, Hyundai, Mercedes-Benz, and Toyota as well as their numerous suppliers. Since 1993, the automobile industry has generated more than 67,800 new jobs in the state. Alabama currently ranks 4th in the nation in automobile output.

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

Need working capital now? Can’t wait 30 or 60 days for your money? We can help.