Factoring in Maine

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

  • Up to 92% cash advance to ME small businesses
  • 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 Pine Tree State of Maine with Accounts Receivable Invoice Factoring and Purchase Order Funding.

Maine’s agricultural outputs include poultry, eggs, dairy products, cattle, wild blueberries, apples, maple syrup, and maple sugar. Aroostook County is known for its potato crops. Commercial fishing, once a mainstay of the state’s economy, maintains a presence, particularly lobstering and groundfishing. Western Maine aquifers and springs are a major source of bottled water.

Maine’s industrial outputs consist chiefly of paper, lumber and wood products, electronic equipment, leather products, food products, textiles, and biotechnology. Naval shipbuilding and construction remain key as well, with Bath Iron Works in Bath and Portsmouth Naval Shipyard in Kittery.

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 Maine 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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