BusinessCash is funding during the COVID-19 crisis.

Factoring in North Dakota Since 1998 we have proudly served the state of North Dakota with Accounts Receivable, Invoice Factoring and Purchase Order Funding.

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 be financed
  • Credit protection with every factoring program

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

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.

factoring company cash now

Agriculture is the largest industry in North Dakota with 90% of its land area in farms with 27,500,000 acres of cropland, the third largest in the nation. Between 2002 and 2007 total cropland increased by about one million acres which is the only state with an increase.

The state is the largest producer in the U.S. of several cereal grains such as barley, durum wheat, hard red spring wheat, oats, and combined wheat of all types. It is the second leading producer of buckwheat.

North Dakota is the 2nd leading producer of sugarbeets. The state is also the largest producer of honey, dry edible peas and beans, lentils, and the third largest producer of potatoes.  North Dakota’s economy is aided by nearly $1 billion in federal agricultural subsidies annually.

As of September 2010, the state’s unemployment rate is the lowest in the nation at 3.7%. The reduction in the unemployment rate and growth in per capita income is attributable to the oil boom in the state.

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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