As the automotive industry begins to gain momentum once again, many automotive supply companies are struggling to manage their expenses from job to job – especially when clients are slow to pay their invoices. Invoice factoring allows us to advance you up to 80% of your invoice so that you are able to continue to maintain good standing with all of your clients by providing them with the parts they need in between payments.
Why is Factoring a Good Idea for Automotive Suppliers?
- No new debt is incurred by factoring, which means that factoring will not hurt your credit in any way; in fact, factoring can improve your credit.
- After Northwest Capital, LLC has purchased your invoice, you will receive an advance of as much as 80%, allowing you the freedom and security of having enough money to complete the order.
- Administrative duties will be given to Northwest Capital, LLC after the purchase of your receivables. We will take care of mailing invoices and reporting, which means you will be able to spend less time managing your cash flow and more time increasing it.
Are you interested in learning more about factoring for your automotive supplier company? Contact us here, or give us a call at 419-885-0700.