How do NC Companies Get Working Capital Now, instead of waiting 30 to 60 days or more??

  • You get up to 92% of cash advanceand 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

Factoring in North Carolina

What is Invoice Factoring and How it Helps NC Companies

Non-recourse accounts receivable factoring is an effective financing method for small to medium businesses to access immediate working capital. AR factoring is the selling or assigning of your unpaid invoices to creditworthy clients to a factoring company. Once your invoices are verified and assigned to the factoring company, a factor will advance you up to 92% against your invoices. You will receive the remaining balance once your customer has paid minus low-cost fees. Non-recourse lowers risk in case of client bankruptcy. Factoring allows businesses to skip the unreliability and drama of today’s bank loans and lack of lending.

There is an excellent chance your business is growing, and you are actively billing. Problems arise when you have to put out more material, more labor, more payroll expenses rather than are coming in. The fact is, you need cash now, not in 30-60-90 days. With working capital so precious and difficult to find, invoice factoring can help finance your business.

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.

Our Newest Funding Transactions in North Carolina

  • Product / Industry: General Contracting / Construction – for Property Management Companies
  • Location: Charlotte, NC
  • Funding type: Factoring

  • Product / Industry: Distributor of Athletic Products
  • Location: Cherryville, NC
  • Funding type: Factoring

What Industries does Invoice Factoring and PO Funding Work For?

Since 1998 we have proudly served the Tar Heal State of North Carolina with Accounts Receivable Invoice Factoring and Purchase Order Funding.

North Carolina’s agricultural industry include poultry, eggs, tobacco, hogs, milk, nursery stock, cattle, sweet potatoes, and soybeans.

The first gold nugget found in the U.S. was in Cabarrus County in 1799. The first gold dollar minted in the U.S. was minted at the Bechtler Mint in Rutherford County.

North Carolina is the leading producer of tobacco. As one of North Carolina’s earliest sources of revenue, it remains vital to the local economy. Agriculture in the western counties of North Carolina is experiencing a revitalization fueled by the growing demand for organic and local products.

CNBC’s list of “The Top States for Business for 2018” has recognized North Carolina as the ninth-best state in the nation. North Carolina is an at-will employment state. This means that it is possible to dismiss employees in the private sector without prior notice or reason.

Charlotte, North Carolina’s largest city, continues to experience rapid growth, in large part due to the banking & finance industry. Charlotte is now the second largest banking center in the United States and is home to Bank of America.

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

Is your North Carolina business ready to get funding with great rates? Call us toll-free at (888) 400-5930 or complete our fast, safe & secure online funding application.

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