Invoice Factoring For Food Service Providers
Many food service and food catering companies run into cash flow problem because commercial customers usually pay their invoices in up to 90 days. While larger companies have a cash reserve that allows them to wait for payment, smaller companies need payment sooner so that they can meet their expenses. Given the competitive nature of the market, asking customers for a quick payment is not always an option. Invoice factoring is an alternative to solve this problem to accelerate your revenues. At GMA Factor, we offer food service providers a steady stream of cash through the invoice factoring of their account receivables.
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 your payroll. We wait for your customers to pay – not you.
GMA Factor advances you up to 99% of the invoice amount immediately.
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. GMA Factor does not sign you on to any long-term contracts.