Does your manufacturing company struggle to purchase the raw materials needed to keep up with customer demand? Do you have to run a balance sheet report before paying your employees on Friday? You should consider Manufacturing Factoring. Invoice Factoring, also called Accounts Receivable Financing, is how small to midsize manufacturing companies with little or no credit acquire the funding they need to cover their daily expenses.
Sell My Invoice will purchase your accounts receivable and provide you with the immediate funds you need to run your manufacturing company. We deliver same day cash advances so you can buy new inventory, cover everyday expenses, and pay your employees worry-free.
To understand what Manufacturing Factoring is, it may help to first know what it is not. Invoice Factoring is not a loan and does not increase your debt. Instead, it is an advance payment for products you’ve already sold and billed for. Because we have no minimum requirements for how much of your receivables you can exchange for cash and a maximum of $10 million per month, your manufacturing company has total flexibility to increase financing capabilities as your company grows. In other words, the more you have in receivables, the more funding you can access.
Unlike a commercial bank loan, applying for AR Financing is simple and the approval process takes less than a week. You’ll have an answer by Friday, and you can start cashing in your accounts receivables immediately. Submitting your invoices and getting paid is easy. Here's how:
We pay same day cash for accounts receivable with no required minimum amounts and a maximum of $10 million.
We will deposit your payment directly into your bank account so that it becomes available within 24 hours. Our processing department will send your payment immediately. You no longer have to wait for slow paying clients to fund your everyday business expenses.
When you work with Sell My Invoice, you get much more than a payment advance. We will partner with your business and handle the administrative functions pertaining to your submitted accounts payable invoices such as collections, payment processing, and more.
Manufacturing companies use invoice factoring to cover their production costs such as direct materials, direct labor, and manufacturing overhead. We help your business get the materials you need to cover your expenses and fill customer orders without slowing down production or denying service to customers because you do not have the funds to purchase enough materials to meet product demand. We also offer Purchase Order Financing.
We work with manufacturing companies from every sector, including:
Some businesses apply for a bank loan to cover their manufacturing expenses. However, if you compare a commercial loan with invoice factoring for manufacturing, the choice is easy:
Request a quote today and we will contact you ASAP with more information and next steps. We look forward to working with you to provide ongoing factoring for your manufacturing company.
