Factoring in Iowa

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

  • 92% cash advanced for IA small business
  • 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

The Hawkeye State of Iowa has turned to us since 1998 for Accounts Receivable Invoice Factoring and Purchase Order Funding.

Iowa is often known as the “Food Capital of the World.” In the latter half of the 20th century, Iowa’s agricultural economy transitioned to a diversified economy of advanced manufacturing, processing, financial services, biotechnology, and green energy production.

CNBC’s list of “Top States for Business” had recognized Iowa as the sixth best state in the nation when it came to the “Cost of Doing Business,” this includes all taxes, utility costs, and other costs associated with doing business, along with 7th for “Quality of Life.”

While Iowa is often viewed as a farming state, in reality, agriculture is a small portion of a diversified economy, with manufacturing, biotechnology, finance and insurance services, and government services contributing substantially to Iowa’s economy. This economic diversity has helped Iowa weather the late 2000s recession better than most states, with unemployment substantially lower than the rest of the nation.

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 Iowa client types we have helped with their Working Capital Needs and the Services we provided:

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

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