Automotive Industry invoice factoring is a form of business financing that uses your automotive accounts receivables to get your business immediate working capital. As your automotive industry company experiences increases in sales and you're realizing new opportunity growth within your industry, maintaining sufficient inventories is key in filling customer orders, and can quickly deplete your company's cash reserves.
Small to medium sized established businesses and even new comers to the automotive industry need access to cash flow to survive and grow their business into major corporations and compete with big ticket sale items. A cash flow shortage within your company limits it's ability to operate, including;
-Payroll - paying your employees and sale people
-Filling current orders - customers expect to get what they want, and quickly
-Paying suppliers - buying materials and inventory
-Expansion and growth - into new markets
-Marketing and Advertising - to attract new local and online customers
-Equipment upgrades - Latest and greatest equipment for best services
-Facilities updates - Make your staff and customers feel like your a modern organization
If your automotive industry business is facing cash flow gaps, making it challenging to run your business at its highest and best performance, factoring slow-pay and/or outstanding invoices may be just the financing opportunity your business needs to maximize profits and increase market share.
Automotive Industry Factoring turns unpaid invoices into immediate cash without having to wait for payment form your customer. Your automotive industry customers demand favorable credit terms on their invoices. Supply companies in the automotive industry typically wait 30, 60 even 90 days or more for customers to pay off open invoices.
With automotive industry factoring, you're selling your company's outstanding accounts receivable invoices, at a discount of their face value. You'll receive an immediate cash injection that can be used for payroll, supplies, inventory, daily expenditures, updates, marketing, new hires, promotions and facilitating new business growth.
If you're automotive industry company is struggling with payroll, operating expenses, difficult filling customer order due to low inventory, unable to advertise to attract new potential customers, having trouble obtaining financing due to inadequate sales income and/or credit history and is in need of capital investments to help your business get back on the road to profitable returns then you should consider factor financing.
Factor financing companies have been helping businesses in the automotive industry nationwide to solve their cash flow problems for years. If you're considering factoring your automotive industry invoices, make sure you get a few competitive offers from the top factors in your industry. Factor bid matches your business with factor finance companies that are eager to buy your invoices for immediate cash. To get started is easy, simple click the Submit Invoice button, sign in to a secure page and follow the 3 simple steps and within the hour you'll have competitive offers to buy your outstanding accounts receivable automotive industry invoices.
If your business gets paid with cash and checks, you may qualify for business financing. Will more cash flow help your business today?Get Started
Are you taking Credit Card Payments at your place of business? If yes, you may qualify for a Merchant Cash Advance (MCA) loan.Get Started
Do you have a consistent history of incoming payments in your business account? See if you qualify for small business financing. Need immediate cash for an investment in your business? Get started to see how much you qualify for.Get Started