One of the toughest jobs tasks of running a small or medium-sized company is collecting invoices.
In our experience, many businesses of this type have thin profit margins. If you are in this category, most of your income might end up poured right back into your operation. Unpaid invoices can quickly accumulate into a real burden, affecting your own duties and responsibilities.
That is where our invoice factoring services can serve as a life saver for businesses needing help collecting bills.
What Is Invoice Factoring
Invoice factoring allows you to collect most of your unpaid invoices almost immediately. This provides immediate access to cash to cover bills and payroll, or to invest in growth.
We take over control of collecting your invoices after paying you the vast majority of what you are owed. While each case is different, we generally pay at least 80 percent. In some cases, we can provide up to 95 percent.
We then work to collect the invoices owed. Upon complete payment, we turn over the rest of the unpaid amount minus fees and expenses.
The standard for most companies payment collection runs from 30 to 90 days. If you cannot wait that long, call us today.
How BP Finance Makes Your Unpaid Invoices Work For You
Don't wait to collect what you are owed and apply it toward needed obligations or desired investments. We can help you achieve your goals and get paid.
Protect Your Investment
Every job you perform for a client and every product you deliver for a customer represents an investment of your time, effort, and money. You deserve a quick return on that investment, especially when you need capital quickly.
BP Financing protects your investment, ensuring that you get the vast majority of what is owed to you, regardless of the actions of your clients or customers.
Get Paid Faster
Do you have an unexpected spike in bill obligations? Do you need quick funds to pounce on an exciting opportunity?
No matter what the reason, sometimes your business needs money now, if not sooner. Our team can help you to get the funds you need, when you need them.
No need to wait one to three months (or even longer) for your clients or customers to pay for your hard work.
Avoid Extra Debt
Traditionally, companies that need extra cash fast look to credit to solve problems. Owners go to a bank to get a business loan. Smaller business owners may even take out more business, or even personal, credit cards to pay for needed goods and services.
When you choose invoice factoring, you avoid going into unnecessary debt to get necessary capital. In many cases, the fees that we collect tally up to less than you would have paid in interest on a loan.
Dedicated to Customer Service
We work hard to not only get you your funds faster, but also to provide superior customer service. Our team works closely with you to make sure that you understand the process, the reason for the fees that you pay, and to make sure that all of your questions get answered completely and professionally.
Next to prompt payment to you, your satisfaction is our top priority.
Reach Out Today
Learn more about how BP Finance can help you get the capital you need quickly without going into debt and getting stuck with interest charges. Our team is ready to explain the process or start you down the path to prompt payment.
Our team looks forward to helping your company get what it needs to meet obligations, fund growth, or accomplish other important goals.