FinancingGrowth

Invoice Financing at Low Rates

As you read above, far too many businesses jump to the conclusion that business loans are the only remedy for their cash flow problems. Invoice financing through a customized factoring plan is a far more economical choice, even over the lowest rate loans. At First Financial Factoring, we can frequently get our clients set up with plans at rates as low as 1%. And because our working capital finance solution doesn’t require you to borrow money that you haven’t yet invoiced for, it isn’t viewed as a debt by your creditors. You can improve your company’s credit history and save thousands of dollars at the same time by skipping the banks and working with us.

Begin Financing Growth and Expansion

Growing businesses almost always requires significant financial investments or working capital financing. Many companies begin their expansion phases by financing growth through business loans, but there is a more affordable and equitable solution. Factoring your accounts receivable payments with First Financial Factoring can reduce the payment cycles of your invoices to less than 24 hours, which puts a significant amount of money directly into your business accounts. Reducing your payment time through invoice financing may provide more than enough funds for you to begin expanding without borrowing money that you haven’t yet earned. In the long run, your company can save thousands, free up its assets and grow at a much faster rate.

Your Working Capital Finance Solution

Many of our customers opened up factoring accounts simply because they were having trouble making ends meet when their customers were late with their payments. Most of them were very pleasantly surprised when they discovered all of the other benefits that our working capital finance solution provided. For example, because First Financial Factoring enables its clients to always get paid on delivery, they’re able to accept customers that they would have previously been forced to turn away. Customers that need extended periods of time to pay the entire balance of their invoices can be approved with confidence, resulting in greater business volume and a better company reputation. Whether you’re financing growth by re-investing profits into your business or taking on higher-risk customers, First Financial Factoring makes it possible.

Top 10

Check out the top 10 reasons more trucking and
freight companies choose us:

1. More cash flow.

Compared to other financial institutions, First Financial Factoring has unique experience in trucking that enables us to get better terms and pass them on to you.  Bottom line, we charge you the lowest rates and deliver the best advance rates in the business.

2. Greater loyalty.

Drivers and owner-operators who get paid on time deliver better and more consistent service to your customers. Your financial reliability to them means having a team that will watch your back.

3. More time.

When you can forget about chasing down invoices, juggling payments and generally sweating the financials, you can concentrate on how to take your freight business to the next level.

4. Fewer bad debt expenses

Our careful screening and approval of your customer’s credit means you never pick up a load until you know payment will be there.

5. Getter credit.

With factoring, your company incurs no debt. Your balance sheet looks good to other financiers and that improved credit rating leads you to develop your trucking operation however you see fit.

6. Increased sales.

The flexibility that our reliable cash flow provides you the power to expand your business a little or a lot and bring in more revenue.

7. Less hassle.

No more collection agencies. No more tough-to-make client calls. One of our professionals will be dedicated to managing all your open invoices.

8. More loads and better routes

When you can afford to work with bigger organizations who tend to require 30 to 45 day payment schedules, those high paying brokers and shippers give you more business and better terms.

9. Less wasted money.

A predictable cash flow that covers your daily expenses like diesel, repairs, and permits, helps avoid costly fines, penalties and bank overdrafts.

10. More know-how.

50 years on the job with every conceivable kind of trucking company gives First Financial Factoring the background to make things go faster and smoother, keep your customers happier, and bring you greater value every day.