Invoice Finance for Manufacturers
Invoice finance for manufacturing is the process of selling your company’s active invoices to an invoice finance lender for a cash advance. Unlike a loan, invoice finance for manufacturing merely converts your existing debtors into cash that you can use to cover your operating expenses.
When payments take weeks or months to arrive, even the most successful manufacturing company has difficulty meeting their expenses. Rather than settling for cash flow instability and stunted growth, start using invoice finance to secure the working capital you need.
The Benefits of Working with Manufacturing Invoice Finance Companies
Unlike a traditional bank loan, your company can immediately begin enjoying the benefits of manufacturing invoice finance. Don’t wait 60 to 90 days for payments. Instead, receive as much as 95 percent of your invoice value within 24 hours of invoice submission without creating new debt on your balance sheet!
Thanks to invoice finance, you can use your increased working capital to cover every day operating expenses, as well as more substantial investments, to grow your manufacturing business.
Ignite Business Group works to understand your company’s specific objectives and matches your business with an invoice finance lender that’s best tailored to your funding needs.
Contact Ignite Business Group today to see what we can do for you.