Business Factoring/Trade Finance

Bankers Commercial Finance understands that business includes several risks when availing loans and competing with established names in specific industries. Moreover, we know that financial security is hard to achieve especially among small and medium-sized businesses that have limited capitals. Thus, we would like to help you achieve stability by offering unique financial solutions.

One of the many financial products we offer is factoring. Factoring is an amazing business opportunity that helps you get rid of bad debts and manage your receivables. It is a great substitute to a bank loan because it converts your receivables into cash. Moreover, it helps you get instant cash and pursue your business ventures without waiting for your total profit, which may actually take months or even years.

We at Bankers Commercial Finance offer a quick and hassle-free business transaction. We lessen the hassle of getting your cash out because we understand that your business must immediately grab pursuable opportunities that come rarely.

In addition, through partnering with us you are guaranteed to:

  • Reach your business goals
  • Eventually become more financially secured, and
  • Have a strong and consistent associate in your journey towards business growth and success.

We cater to various industries across the United States to ensure that all businesses, regardless of size, have an equal opportunity to grow and achieve financial security.

 

Purchase Order Funding

  • Available for finished product (not in house manufacturing) where there is a firm purchase order from a credit worthy customer.
  • Payment made to supplier by letter of credit, documentary collection or wire.
  • Supplier payment is at the lower of actual cost or 75% of customer purchase order.
  • Facility size $100,000 minimum with no maximum.
  • No up front due diligence fees.
  • Time to set up account from receipt of completed application does not exceed 14 calendar days.
  • Once account is established transactional funding done within 24 hours of receipt of all required documentation.
  • Fees will vary based on transaction. Typical fees are 3% for 30 days and 1% for 10 day increments thereafter for transactions over $100,000. If letters of credit are involved bank fees are passed on at cost and are about 75 basis points.
  • Repayment is from factoring, asset based or banking advances on accounts receivable and governed by intercreditor agreements.

 

Full service invoice factoring

Get working capital fast with invoice factoring from Bankers Commercial Finance. Why wait 30, 60 or even 90 days to get your money when we can get it in as little as 24 hours? Here’s how it works. You sell us your outstanding invoices and we will factor you up to 90% of the balance. We will even collect the funds from your slow-paying customers and pay you the remaining balance of your invoice, minus our fee, as the funds are collected.

In the end, you get the cash that you need today and you have more time to focus on business growth. There is no minimum to the amount you can factor. Contact us to find out how affordable invoice factoring is or take a few minutes to learn about the benefits of receivables factoring.

 

Cash Flow Solutions

Companies facing a cash-flow squeeze and slow-paying customers often sell their invoices or accounts receivable to specialized companies such as A/R Funding. The factor advances most of the invoice amount — usually 80% to 90% — after checking out the credit-worthiness of the billed customer. When the bill is paid, the factor remits the balance, minus a transaction (or factoring) fee.

Companies that use factoring like it because they get money quickly, rather than waiting the usual 30 or 60 days for payment. After sending an invoice to a factoring firm, a business can have money in its hands within 24 hours.

Although the service can be costly with other factors, A/R Funding offers near bank pricing.  Invoice factoring is today one of the only reasons most businesses are cash flowing. A/R Funding offers initial approvals in 24 hours, and funding within 3 to 5 business days after all the required documentation is submitted. We offer daily pricing, no monthly minimums, as well as high advance rates.  Also, no upfront fees to get started/funded.

Since A/R Funding handles both credit and collections services, our client doesn’t have to worry about staffing those functions. Another advantage: Companies wanting to expand overseas can benefit from our extensive experience dealing with overseas suppliers or purchasers, thus making international business transactions much easier.

 

Best way to explain “Factoring”

Invoice Factoring Basics:

Waiting to get paid is one of the biggest frustrations for B2B companies.What is Factoring?

“Accounts receivable financing” or “factoring” are interchangeable terms use for a financing solution that turns your current, but unpaid invoices, into cash. The credit terms requested by your clients means that invoices can be outstanding for 30, 60, or 90 days before payment. Meanwhile, without the cash, you’re passing on opportunities to expand your business or falling behind on paying expenses. The good news is that factoring will improve your cash flow.