Expert Factoring Services for Wholesale Distributors
With its great dynamics and short turnaround times, wholesale distribution is an industry where you need to manage your cash flow excellently. At Working Capital of America, we provide invoice factoring solutions designed for wholesale distributors. With our straightforward and reliable processes, competitive rates and transparent terms and conditions, you will be able to make the most out of the receivables financing provided and not only sustain, but grow your business.
The Factoring Process
Also known as receivables financing, it enables you to get cash in advance in exchange for your invoices. We know how difficult it can be to cover your operating costs when you have invoice terms in the likes of 30, 45, 60 or 90 days. That is why you can sell your invoices to us and we will make a wire transfer for up to 95% of their face value to your bank account on the very same day! We also provide ACH funding on invoices on the next business days, if this is the more suitable solution for you.
Our highly qualified account managers collect the payments from your clients under the original terms and conditions and then transfer the remainder of the invoice amount minus our minimal fee for administration and processing to you. Even though the process is highly simplified, when working with us, you can rely on expert financing consultation and customer support at all times.
Our invoice factoring solutions are designed for wholesale distributors of all sizes, from big to small, including new businesses, with the amount of cash that we can extend ranging from $25,000 to $5,000,000. At Working Capital of America, we are a lot more flexible than banks when we provide the so-called invoice loans. You can obtain AR financing even if you have less than perfect credit or no credit history at all. For us, the key thing is for your clients to be reliable payees. That is why the application process is short and simplified. After filling out our online form, you will know the outcome in 48 to 72 hours.
You can use the receivables financing we provide as a small business line of credit to cover your existing operating expenses, from payroll to rent. Another key advantage is the ability to manage both ups and downs in demand, no matter if they are seasonal or driven by other market forces. When you have a sufficient amount of working capital, you can fulfill your plans for growing your business by investing in marketing, warehouse expansion, new types of products or anything else.
Count on us to take the burden of invoice payment management off your shoulders. This enables you to focus more on your core business activities and to achieve greater productivity and even cost-efficiency.
Gaining Financial Flexibility
No matter what merchandise you distribute or what your balance sheet, income statement and tax returns show, you can take advantage of our invoice factoring services. Partner with us to factor any number of invoices as often as necessary to keep your working capital optimal for running and expanding your business.