Factoring in Pennsylvania

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

Since 1998 we have proudly served the Commonwealth of Pennsylvania with Accounts Receivable Invoice Factoring and Purchase Order Funding.

Pennsylvania ranks as the world’s 18th largest economy. The first nationally chartered bank in the United States, the Bank of North America, was founded in 1781 in Philadelphia. After a series of mergers, the Bank of North America is part of Wells Fargo, which uses national charter 1.

In 2004, Casino gambling was legalized across the state. There are nine casinos with three additional being planned or currently constructed. Table games such as poker, roulette, blackjack, and dice were approved in 2010.

The two largest private employers in Pennsylvania is Walmart and the University of Pennsylvania.

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.

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