Factoring, also known as accounts receivable financing, is a process in which a company purchases your open invoices and provides you with immediate payment. The payment is less than the full amount of the invoice due to the upfront factoring fee agreed upon and a percentage withheld for escrow reserve. In turn, the factoring company collects payment on those invoices from your customers releasing the amount in escrow reserve back to you. By choosing to factor, you can avoid the typical wait time of 30, 60, or even 90 days for your customers to pay.

Companies choose to factor their invoices to gain quick access to cash flow they need to pay employees, handle customer orders, and take on more business. The amount of factoring you choose to use depends on your business needs. Some companies factor all of their invoices, while others only factor invoices for customers that take longer to pay.

At Permian Capital, we offer tailored factoring solutions to meet your unique business needs. Contact us today to learn more about how factoring can benefit your business and help you achieve your financial goals.

At Permian Capital, we offer invoice factoring lines of credit to help businesses improve cash flows. With our online application process, you can quickly access the capital you need to grow your business. We provide tailored self-liquidating lines of credit with competitive pricing and can even assist with collections and cash flow modeling to help fund your ongoing operations. Trust Permian Capital to help your business succeed.

If your company is in need of increased cash flow to support growth and expansion, then Permian Capital may be a good fit for your business. We specialize in serving businesses in the oilfield and transportation industries in the Permian Basin and throughout Texas. However, we can provide services to companies in any industry throughout the Southwest.

If your company operates in these specific oil and gas industries, or any other business industry, and has open invoices that are causing cash flow problems, then our invoice factoring services can help. Our services and solutions can meet the unique needs of your business.

At Permian Capital, our goal is to build lasting business relationships and help our clients succeed. If you are looking for a reliable partner to improve your cash flow and support your business growth, then we encourage you to apply online or contact us for more information.