Invoice Factoring.
With over 10+ years in business, Whitmore Financial is the preferred invoice factoring company in the nation for growing companies.
Fast. Affordable. Factoring.
Are you looking for the highest degree of flexibility? Invoice factoring gives you the freedom to sell open invoices and receive cash for a set discount fee.
What is Factoring?
Factoring is the purchase of accounts receivable for immediate cash. Factoring gives businesses the power to ensure growth without diluting equity or incurring debt.
How Factoring Works.
Many businesses are facing challenges. Ongoing effects of pandemic lockdowns, inflation, and supply chain issues are all making it difficult to maintain steady cash flow.
Why Use Factoring?
Invoice factoring is a type of alternative financing that helps businesses improve their cash flow situation.
Advantages of Invoice Factoring.
Insufficient cash flow can create substantial hurdles for small businesses.
Invoice Factoring FAQ’s.
Discover the answers to some of our frequently asked factoring questions.
Our Process.
Step 1
Assessment.
Complete our application to determine the credit worthiness of your debtor.
Step 2
Compliance.
Identify and comply with contract terms for immediate invoice factoring eligibility.
Step 3
Management.
We manage your accounts receivable/ payroll needs and customize a factoring plan.
Step 4
Funding!
Receive funds to make payroll, hire labor, secure equipment and purchase material.
Industries.
We offer billing and invoice factoring services for all types of businesses that serve many industries.
Your eligibility is based on your debtor’s credit quality, not yours.
Underground Utility.
Whether you are a contractor for a municipality or a major utility provider, you are likely waiting 30 or more days for payment.
Transportation.
When you work with us, we’ll help you take care of the details, paperwork and cash flow, so you take charge of running your business.
Temporary Staffing.
Meeting weekly payroll can be a serious challenge when customers are taking up to 30, 60 or 90 days to pay your open invoices.
Oil and Gas Financing.
Oilfield service providers and suppliers to the oil and gas industry often run into cash flow problems when they have to wait 30-60 days for payment.
Telecom Factoring.
With wireless providers quickly expanding 5G networks, the demand for telecommunication construction and supporting services is on the rise.
Energy Funding.
Unlock working capital to fund your business growth or everyday expenses with invoice factoring for renewable energy companies.