Food Factoring
Food Distributors | Food Manufacturers | Food Wholesalers | Food Transportation
Food factoring. We tailor invoice factoring accounts receivable financing and purchase order finance for companies in the food service industry to meet their specific funding needs.
Our funding programs are designed to help food companies eliminate the cash flow strains associated with unpaid invoices and the constant chasing down of open receivables.
THE PROCESS IS A SIMPLE ONE
- Complete the simple application process (online)
- Get approved (Documents are then signed)
- You submit invoices (Invoices are verified)
- Funds are deposited into your bank account
OTHER FUNDING ADVANTAGES FOR FOOD COMPANIES INCLUDE
- Simple application
- Ideal for food companies to bill their customers on credit terms of up to 90 days
- No more waiting for payments on aged accounts receivables
- Receivables line of credit option (more information below)
- Funding in the millions for your company's continued growth
- Facilities tailored to fit the funding requirements of food companies
- Flexible terms and attractive rates
- Access your account 24/7 via the secured online portal
- Perform free credit checks on new customers 24/7
- Invoicing and collection services included
- Funding for well-seasoned food companies and startups
- Other advantages
RECEIVABLES LINE OF CREDIT
Our receivables line of credit option is ideal for food companies operating under a traditional line of credit. The facility is called a ledgered line of credit, which offers many of the advantages of a conventional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.
HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
- No long application process
- Plus other benefits
For more information about our invoice factoring or receivables line of credit for food companies, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.
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