An Award-Winning GA Factoring Company
Table of contents
- An Award-Winning GA Factoring Company
- A State of Georgia Factoring Company
- Why Invoice Factoring for Georgia Companies?
- How Does an Invoice Factoring Company Work?
- How Is Invoice Factoring Different From a Loan?
- Bad Debt Protection for Georgia Companies With Bankers Factoring.
- Dalton, Georgia factoring Company
- Atlanta, Georgia Factoring Company
- Chattanooga, Tennessee
- Why Choose Bankers Factoring For Georgia Companies Receivable Funding Needs?
A State of Georgia Factoring Company
As the Jewel of the South, Georgia is a charming and lively state brimming with Southern hospitality. And thatโs not all it has to offer: boasting a skilled workforce, reliable infrastructure, low tax structures, and high credit ratings, Georgia provides ideal circumstances for businesses to grow and thrive, Ranking No. 1 for Business in Site Selection and Area Development magazines.
When you are a start-up with little credit or an established business with credit issues and you are turned down for traditional bank loans, let Bankers Factoring fund your Georgia business with our award-winning factor financing. With factoring locations in Atlanta, Dalton, and Chattanooga, Bankers Factoring wants to help you take your unpaid invoices and transform them into quick and easy working capital via a receivable factoring line of credit.
Why Invoice Factoring for Georgia Companies?
What do Georgia companies do when stuck waiting on 30 to 90 day invoices? Invoice factoring provides a fast and simple solution by purchasing your invoices and advancing you your cash now, providing you with all the benefits of cash flow now rather than later and allowing your business to cover any costs that it needs with ease. In addition, among the many factoring companies there are to choose from in Georgia, award-winning Bankers Factoring is here to help business owners stop the wait for 30-45 day invoices.
Understand how factoring companies verify invoices.
How Does an Invoice Factoring Company Work?
When your Georgia company has successfully completed a sale, and youโve now found yourself waiting for months on end for your payment and unable to gain funding from traditional funding sources, invoice factoring is there for you.
An invoice factoring company like Bankers Factoring will buy your invoice from you, providing you a 80-93% cash advance. With Bankers Factoring, this is quick and simple, with a straightforward, headache-free approval process and same-day funding after approval. After the invoice factoring company has purchased your invoice, we will then take over payment collection from your customer ourselves (Read: Why Do My Customers Send Payments to the Factoring Company). Once we have collected the payment from your customer, we will then issue the rest of the reserves to you, less a small, easy-to-understand factoring fee.
Learn more about invoice factoring.
How Is Invoice Factoring Different From a Loan?
With the bank loan approval rate for small and upcoming Georgia businesses at a low and banks approving fewer loan requests, many businesses are looking to alternative forms of funding. Invoice factoring is one of these alternatives: with Bankers Factoring, getting funding turns from a headache into a breeze.
Issues like insufficient credit, little time in business, and no access to collateral may cause Georgia businesses to be turned down for bank loans. The approval process for bank loans is also often in-depth and lengthy, taking up to weeks and even months. However, these roadblocks are not present in the approval process for invoice factoring: it is a simple, straightforward process requiring much less documentation. In fact, many banks will send us their loan turndowns so that they are able to receive funding.
The invoice factoring process relies on the credit of your customer instead of yours, providing increased accessibility. Once your invoices are verified, and you are approved, Bankers Factoring is proud to offer the remarkably quick turnaround of same-day funding after approval, providing the benefits of having immediate working capital.
Learn more about invoice factoring vs traditional bank loans.
Bad Debt Protection for Georgia Companies With Bankers Factoring.
Bankers Factoring is proud to offer something special and unique to Georgia businesses: non-recourse factoring. Non-recourse factoring is a type of factoring that provides bad debt protection for businesses. This means that if for any credit reason, your customer becomes unable to pay their invoice, we will absorb this loss for you, taking on the credit risk and ensuring that you are well-protected and able to rest easy.
Non-payment can be detrimental to your Georgia business, and with non-recourse factoring, you can leave this worry behind. We are unique among non-recourse factoring companies in Georgia that can safely improve your cash flow.
You can also understand the difference between venture capital vs invoice factoring.
Dalton, Georgia factoring Company
Ranked one of the top five cities in Georgia to start a business by NerdWallet, there is no place like the city of Dalton to start your company. And Bankers Factoring is right there with you: our local corporate offices in Dalton are ready and eager to solve your cash flow problems today.
Bankers Factoring is active in Daltonโs business climate, and funds these industries in this city:
- Carpet Manufacturing
- Yarn Manufacturing
- Chemical Manufacturing
- Staffing Agencies
- Wine & Spirits
- Trucking Companies
- Battery Manufacturing
- Import Companies
- Government Contractors
Atlanta, Georgia Factoring Company
Great quality of education, low office rent and labor costs, and affordable living costs all led WalletHub to recognize Atlanta, Georgia, as one of the best cities to start a new business. With offices located in North Atlanta, Bankers Factoring holds the honor of funding and supporting the growth of Atlantaโs bountiful businesses.
We know you have many choices when it comes to factoring companies in Atlanta, and we hope you give Bankers Factoring a chance.
The industries that Bankers Factoring funds in Atlanta, GA are numerous and include:
- Biotech & Bioscience
- Staffing
- Wine & Spirits
- Government
- Cable & Telecom
- Aerospace & Aviation
- Beverage Production
- Trucking
Learn how Bankers Factoring combines PO financing and invoice factoring.
Chattanooga, Tennessee
Stretching into Alabama and Georgia and covering six different counties, Chattanooga proudly boasts both beautiful landscapes and a great business climate. With Chattanoogaโs affordable cost of living and no income tax, Bankers Factoringโs local offices are ready to help your Chattanooga business grow. Among the enchanting mountains of Chattanooga, find easy and accessible funding with invoice factoring and an accounts receivable financing solution tailored to your unique situation. We also have factoring offices in Nashville.
Learn the industries that Bankers Factoring funds in Chattanooga, Tennessee:
- Carpet Manufacturing
- Staffing Agency
- Wine & Spirits
- Import Companies
- Government Contractors
- Security Guard Companies
- Cable & Telecom
- Aerospace & Aviation
- Beverage
- Trucking Companies
Why Choose Bankers Factoring For Georgia Companies Receivable Funding Needs?
As an A-rated invoice factoring company by FactoringClub.com, the owner-employees of Bankers Factoring have been working since 1998 to fund businesses in Georgia like yours, with strong roots in the state of Georgia and our accounts receivable financing.
We want to provide your Georgia business with creative alternative funding solutions, allowing your worries about slow payment to melt away. With Bankers Factoring, the full benefits of active working capital are never far, and we will provide you with the tools your business needs to grow and thrive.
And we are not just in Georgia, Florida, and Tennessee. We fund throughout the United States with clients from Hawaii to New York. Our invoice factoring services meet the needs of startups and small businesses in all 50 states.
Learn more about why choose Bankers Factoring.