BusinessCash is funding during the COVID-19 crisis.

Factoring in Delaware

Need working capital now? Can’t wait 30 or 60 days for your Accounts Receivable to Pay? We can help.

  • DE small business gets up to 92% cash advanced
  • 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 First State of Delaware with Accounts Receivable Invoice Factoring and Purchase Order Funding.

From its agricultural beginnings, Delaware has developed into an important industrial state. There are a total of three fortune 500 companies headquartered in Delaware. The incorporation industry employs about 1,000 people and brings in about one-quarter of the state budget in taxes and fees.

Wilmington is called the “Chemical Capital of the World,” largely because of E. I. du Pont de Nemours and Company, a chemical industry giant originally founded as a powder mill in 1802. As of 1999, the company was the 16th largest US industrial corporation, with sales of $28 billion. Notable Delaware manufactures, in addition to chemicals and transportation equipment, including apparel, processed meats and vegetables, paper, printing and publishing, scientific instruments, and plastic products.

What is a Typical cost of Factoring?

Factoring fees are based on length of time for payment from your client. Below is an example chart of how fees work based on timeframe.

Fees vary based on your unique funding situation.

Length of Time for Payment Invoice Factoring Rate
20 days 1.00%
30 days 1.50%
45 days 2.50%
60 days 3.00%

Keep in mind that a good factoring company will work with you based on your customer’s payment history and make sure your terms are favorable to you.

Your customers pay in a particular pattern. If your customers all pay in 37 days, then a fee based on 30-day increments would be slightly more costly. That’s because you will end up paying additional factoring fees based on the extra seven days. Factors can design your fees based on your unique situation – daily, 10-day increments, 60-day flat fee, etc.

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

Is your Delaware business ready to get funding with great rates? Call us toll-free at (888) 400-5930 or complete our fast, safe & secure online funding application.

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