Are you ready to take your business to the next level but lacking the funds to do so? What could your business do with extra working capital? Hire new employees? Buy new equipment? Take on a new project?
Consider invoice factoring.
What is Invoice Factoring?
Accounts receivable factoring, also known as invoice factoring, is the process of selling unpaid invoices to a factoring company for a cash advance.
We work hard to partner you with the best New Mexico factoring company in the U.S. We listen to what you want and put your business’ best interest at the top of our list.
The Simplicity of Factoring in New Mexico
Factoring is a simple process that any small business can be a part of.
First, tell us about your business be either giving us a phone call or filling out a simple online form. We’ll then match you with a New Mexico factoring company based on your business’ wants and needs. There is a short application process that takes three days to complete. Once you are accepted, the New Mexico factoring company will advance you up to 95% of your invoices while the rest of the invoice money is held as reserve.
You can then use the factored money for any business expense you choose. You will never have to worry about running into debt because your clients will repay us the factored amount, on their own time.
Once the invoice has been paid to the New Mexico factoring company, the leftover percentage will be given to your business minus a factoring fee.