AR Factoring for Automotive Suppliers
The Benefits of Factoring for the Automotive Industry
- Auto Suppliers Get Paid Fast
- No Reason to Wait up to 90 days to get payment
- Non-Recourse Funding Means Lower Risks for You
- Competitive Rates as low as .79% for 30 days
- Up to 92% Advanced Immediately with the Balance Paid Once Your Customer Pays in Full
- Approval is based on your larger customers credit!
- We Work With the Entire Supply Chain
The Process of Factoring for Automotive
You are an automotive manufacturing or supplier company showing self-efficacing growth. Then you get a new contract that requires you to add more employees, inventory, and equipment in order to generate and produce the goods. In addition, with lead times and the time it takes your clients to pay, your cash could be out 180 days plus. What do you do? Since 1998 Invoice Factoring and Purchase Order Funding from businesscash.com has helped automotive supplier manufacturers and parts importers.
We have both owned and funded manufacturing companies so we understand your special needs and requirements. In addition, in order to factor your invoices we can also utilized PO funding and Vendor Guarantees to get you the goods you need to fulfill automotive contracts.