BusinessCash is funding during the COVID-19 crisis.

Factoring in Wyoming

Need working capital now? 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
  • All industries including Oil and Gas
  • Credit protection with every factoring program

We serve Wyoming companies with Invoice Factoring and Purchase Order Funding programs.   Wyoming’s mineral extraction industry and travel and tourism and agriculture are key to their economy.

Wyoming’s tourism is driven by its incredible national parks and monuments.  This includes Grand Teton National Park, Yellowstone National Park, Devils Tower National Monument, Independence Rock, and Fossil Butte National Monument. Each year Yellowstone National Park receives three million visitors.

Wyoming’s mineral production includes coal, natural gas, crude oil, trona, diamonds, and uranium. We cater to a variety of Wyoming’s industries, from small to large for their working capital needs.

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

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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