BusinessCash is funding during the COVID-19 crisis.

New York Factoring Company
Providing alternative financing options in New York with Accounts Receivable Invoice Factoring and Purchase Order Funding.

Need working capital now? Can’t wait 30 – 90 days for your outstanding invoices to be paid? We can help get you cash now vs the pain of waiting.

  • Get you up to 92% cash advance and receive the balance once your client pays in full
  • 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

New York ranks as the 16th largest economy in the world behind Turkey. NYC exports an exciting variety of products including food, commodities, minerals, computers and electronics, cut diamonds, and automobile parts. New York’s largest imports are oil, gold, aluminum, natural gas, electricity, rough diamonds, and lumber. Canada is an essential economic partner for the state. Tourism from the north is a large part of the economy.

New York City is the leading center of banking, finance, and communication in the United States and is the location of the New York Stock Exchange, the largest stock exchange in the world by dollar volume. The state also has a large manufacturing sector that includes printing and the production of garments, furs, railroad equipment, and bus line vehicles. Albany and the Hudson Valley are major centers of nanotechnology and microchip manufacturing, while the Rochester area is important in photographic equipment and imaging.

Purchase Order Funding

New York is a major agricultural producer, ranking among the top five states for agricultural products such as dairy, apples, cherries, cabbage, potatoes, onions, maple syrup, and many others. The state is the largest producer of cabbage in the U.S.  The south shore of Lake Ontario provides the right mix of soils and microclimate for many apples, cherry, plum, pear and peach orchards. Apples are also grown in the Hudson Valley and near Lake Champlain.  New York is the nation’s third-largest grape-producing state, behind California, and second-largest wine producer by volume.

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.

What Types of AL Industries does Factoring Serve?

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

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

Rating: 5.0/5. From 1 vote.
Please wait...

Back to Top