Seattle Factoring Company
Convert your receivables to cash in no time and get funding for your business
Seattle Factoring company prides ourselves on being the driving force behind your financial success. With a deep-rooted commitment to our local business community, we understand the unique challenges and opportunities that Seattle entrepreneurs face. Our factoring services are designed to empower businesses of all sizes by transforming outstanding invoices into immediate working capital, facilitating growth, and ensuring sustainable cash flow. With a dedicated team, years of industry experience, and a client-centric approach, we stand as your trusted partner in achieving financial stability and unlocking your business’s true potential. We are more than just a financial service provider; we are your path to prosperity in Seattle. Contact our team to get a quote.
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What Is A Factoring Company
A factoring company, also known as a factor or invoice factoring company, is a specialized financial institution that provides a service to businesses by purchasing accounts receivable or outstanding invoices at a discounted rate. Factoring companies play a crucial role in helping businesses improve their cash flow and access immediate funds. Whether you’re a small business in Seattle or a business engaged in staffing, trucking, medical industry, you can call our team and get more information about invoice factoring. You can use the money you’ve collected from your receivables to meet financial obligations and invest in growth opportunities.
What Is Invoice Factoring
Invoice factoring is a financial arrangement where a business sells its unpaid invoices or accounts receivable to a factoring company at a discounted rate in exchange for immediate cash. This enables the business to quickly access funds that would otherwise be tied up in unpaid invoices, thereby improving its liquidity and cash flow. The factoring company then takes responsibility for collecting payments from the customers who owe the invoices.
How Factoring Works
Get Approved: We will approve your invoice within 24 to 48 hours. Once you are approved, we will be in charge of collected payments from your customers. When customers pay your invoice, we will deduct the fee from your collectibles and return the remaining amount.
Get Your Cash: You will receive 80 to 90 percent of your invoice depending on our approval. This arrangement allows your business to access a significant portion of the invoice amount immediately, improving your cash flow and providing you with the funds you need to cover expenses or invest in growth initiatives.
Present Your Invoice: Present your unpaid invoice to our company. Our team will evaluate your creditworthiness and determine whether your have good-paying customers. Your creditworthiness will determine the percentage you can get from your invoice.
Enjoy Your Funds: Once you’ve received your invoice, you can use it to fund business growth, pay contractors, and more. Our company offers an open-ended structure, wherein you can continue a month-to-month basis.
What Is Business Invoice Factoring?
Business invoice factoring is a financial solution tailored to the needs of businesses seeking to manage their cash flow effectively. By partnering with a factoring company, a business can convert its outstanding invoices into immediate working capital, which can be used to cover operational expenses, invest in expansion, or address other financial needs. This strategy allows businesses to focus on their core operations without the burden of waiting for customers to settle their invoices.
Why Partner With Us?
Partnering with the right company is crucial for your business. Whether you are a staffing company or trucking company in need of converting receivables to cash, we’ve got you covered. Perigree Partners Capital, have been working with a range of businesses for many years now.
We prioritize honesty and ethical conduct in all our dealings, ensuring trust and transparency with our clients.
Our team is committed to going the extra mile to meet and exceed client expectations, delivering results with passion and determination.
We adapt to the evolving needs of our clients, offering tailored solutions that can adjust to changing circumstances or requirements.
Our unwavering focus on client goals means we concentrate our efforts on delivering the best outcomes, minimizing distractions or unnecessary complexities.
We offer stability and consistency in our services, providing ongoing support to build enduring relationships and deliver long-term value.
With a wealth of experience in our field, we bring a deep understanding of industry intricacies and proven expertise to every project, ensuring success.
What Our Customers Think
"Our company had the best time with Perigree Capital Partners. Quick proceeding, reliable team."
"Great customer service. Shorter waiting time. Highly reliable invoice factoring company in Seattle."
"Partnered with this factoring service for 5 years now. Always a great help for our company."
Frequently Asked Questions (FAQs)
Who is the best factoring company?
Determining the best factoring company depends on your specific business needs, industry, and location. Make sure you do your initial research regarding various factoring companies in Seattle. In any case, our team can always provide you with the best service possible.
What does a factoring company do?
A factoring company provides financing solutions to businesses by purchasing their accounts receivable or outstanding invoices at a discounted rate. This allows businesses to access immediate cash, improve cash flow, and delegate the responsibility of collecting payments from customers to the factoring company.
How much does a factoring company charge?
In general factoring fees can range from 1% to 5% of the invoice amount, although this can vary. This will depend on the creditworthiness of customers and the specific terms of our agreement. Feel free to call us so we can discuss opportunities and other things you should expect for an invoice factoring service in Seattle.
Who is the largest factoring company?
The title of the largest factoring company can change over time due to industry shifts and mergers. However, we can assure you that our team will provide the best factoring service available.
How risky is factoring?
Factoring itself is not inherently risky, but it does involve some potential risks. One of the primary risks is the creditworthiness of your customers. In case your customer fails to pay the invoice, you may be solely liable for the receivables you have advanced from your invoice. We will carefully evaluate the factoring company to mitigate risks and provide you with the best financial tool for your business.