Chemical Company Factoring

Chemical Industry Factoring Services

Customers in some industries take it for granted that vendors will give them payment terms on their invoices. Companies that make and sell chemical products find that commercial and industrial customers can take 60 to 90 days or longer to pay for products they purchase. Payment terms are a part of doing business for large chemical companies that have cash reserves they can use to pay operating expenses while awaiting customer payments. Small- and medium-sized companies do not have cash reserves to rely upon.

Challenges Created by Slow Accounts Receivable

Getting new orders is good for business, but slow-paying customers can cripple your business and make it impossible for your chemical company to fill orders and satisfy customers. Inadequate cash flow can make it impossible for your business to meet its current financial demands including:

Your company’s unpaid invoices that are creating your cash flow problems could become the solution you need.

factoring ebook

The Invoice Factoring Solution

Chemical company factoring solutions from Factor Funding Co. will convert your unpaid invoices into instant cash. Bank financing or lines of credit offer money, but the application and underwriting process required to obtain bank financing can be time consuming. Banks require financial statements and documentation that can take days or weeks to gather.

Some of the benefits of chemical company invoice factoring include:

Factor Funding Co. Can Help

Once your application is approved, the money is deposited in your company’s account and is available for use. Factor Funding Company collects the invoice payment from your customer, so your company does not have to be in the collections business. We deduct the amount your company received from us plus a small fee from your customer’s payment, and the balance is paid to you.

Factor Funding Co. can turn your accounts receivables into working the working capital you need to attract new business opportunities and grow.

Call Us Today

Factor Funding Co. has been designing invoice factoring solutions for companies in all industries throughout the U.S. We have a chemical factoring specialist who can show you how invoice factoring can turn your unpaid accounts receivables into a cash flow solution. Call us today at 866-717-2274 to speak to a representative or download the convenient invoice factoring application form.