Invoice Factoring For Technology 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. When the banks either couldn’t grant funds or bestowed too little, GMA Factor could promptly offer technology companies a steady stream of cash through the invoice factoring of their account receivables.
Payroll is probably one of the most important expenses for a technology consulting company. Employees are the company’s most valuable asset and it is critical that they are paid on time. For many companies this can require some financial juggling. This is because employees need to be paid on a weekly or biweekly basis. Most technology customers get payment terms and pay their invoices up to 60 days after being invoiced. The consulting company still has to cover all expenses while it’s waiting to get paid.
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 to meet your payroll. We wait for your customers to pay – not you. To qualify it is critical that your customers must have good commercial credit since the whole transaction hinges on your customers ability to pay their invoices on time.
GMA Factor advances you up to 99% of the invoice amount immediately and doesn’t 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.