BusinessCash is funding during the COVID-19 crisis.

Factoring in Virginia

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

  • Up to 92% of cash is advanced to you
  • 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

Virginia companies use BusinessCash for their Invoice Factoring and Purchase Order Funding programs.   Virginia’s economy is diverse including the local and federal government, military, farming, and business.  The unemployment in Virginia is an amazing 5.6%, as of March 2012.    The second fastest job growth town in the nation is Leesburg.  This economic growth creates a need for fast and easy-to-get working capital.

Purchase Order Funding

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 Virginia client types we help with their Working Capital Needs and the Services we provide:

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

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