Invoice Factoring For Automotive Supply Companies
At GMA Factor, our Management Team has over 30 years of experience in the global finance arena. Our focus is on superior customer service while we give growing businesses an alternative to conventional bank financing. GMA Factor offers automotive supply companies a steady stream of cash through the invoice factoring of their account receivables.
Many small companies try to deal with cash flow problems by juggling their own expenses and paying their own suppliers slowly. Also, they may ask their customers to paying faster by offering discounts for quick payment. While these strategies can work, they don’t always solve the problem and ultimately leave your cash flow at the mercy of your customers. We understand that waiting up to 90 days for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the funds to grow your company, pay your suppliers and to meet labor costs.
Most factoring plans are easier to obtain than conventional loans. The qualification requirements include:
- Your company must not be encumbered by legal/tax problems
- Your customers must have good commercial credit
- Your invoices must be for completed work
- Your invoices must not be encumbered by liens
GMA Factor does not sign you on to any long-term contracts. Get started immediately by filling out the quick application on the right-hand side of this page or go to our online or downloadable application. Our agreements allow you the flexibility to factor what you want, when you want. You can pick and choose the accounts that you want to factor.