BusinessCash is funding during the COVID-19 crisis.

Factoring in Ohio

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

  • Get up to 92% cash advance
  • 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 get funding
  • All industries including Oil and Gas
  • Credit protection with every factoring program

Since 1998 we have proudly served the Buckeye State of Ohio with Accounts Receivable Invoice Factoring and Purchase Order Funding.

Purchase Order Funding

In 2010, Ohio was the 2nd in the United States for the best business climate.  The Small Business & Entrepreneurship Council ranked Ohio No. 10 for best business-friendly tax systems, including a top corporate tax and capital gains rate that were both ranked No. 6.  Ohio also has 5 of the top 115 colleges in the nation and was ranked No. 8 for best high schools.

The manufacturing and financial sectors are  Ohio’s largest industries by a percentage of GDP.   Ohio has the largest bioscience sector in the Midwest and is a national leader in the “green” economy. Ohio is the largest producer in the country of plastics, rubber, fabricated metals, electrical equipment, and appliances.

The Ohio Lottery has contributed over $15.5 billion to public education in its 34-year history.

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

Ready to get funding? Call us toll-free at (888) 400-5930, complete our secure online funding application or chat with us.

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