Factoring Company In Texas
Does your company in Texas need ongoing funding to finance your day to day business operations? Power Funding can help. We are an invoice factoring company serving cities across Texas, including Houston, Dallas, El Paso, Odessa, Austin, San Antonio, South Texas, Midland, Madison, and more. We offer professional accounts receivable financing services to our clients.
Sell your outstanding invoices to Power Funding to receive up to 98% as a cash advance. We purchase your invoices in exchange for same-day cash so that you can run your business without stress.
How Factoring Works
For a small fee, Power Funding will purchase your invoices outright. Your Texas business will be able to access the funding it needs without applying for a bank loan.
As a Texas Factoring company, we are not a loan company. Instead, we provide an advance payment for your invoices, so you don't have to wait for slow-paying clients. We'll take over your receivables, including logistics, such as collections and payment processing.
Power Funding provides you with immediate cash payments for your accounts receivables so that you can handle all of your business expenses, including employee wages, equipment needs, business expansion, fuel for trucks if you run a transportation company, and more.
Most of our clients use our services every month because of the flexibility of same-day payments and no monthly minimums. Give us a call to learn more about what invoice factoring can do for you.
The Application Process Is Very Easy:
1. Apply For Free
At Power Funding, we work hard to make our application process as simple as possible. That means paperwork is minimal, credit checks are easy to pass no matter your credit history, and our customer service is outstanding.
2. Get Approved Within 2-5 Days
If you've ever waited for several weeks or even months to find out if you've been approved for a bank loan, you know the frustrations that come with a board of directors making a financial decision on behalf of your business. At Power Funding, your application will be sent directly to the underwriting department and receive approval before the end of the week.
3. Get Paid Within 24 Hours
You can start submitting your outstanding invoices as soon as you are approved for funding. That means you can receive approval and get your first payment in less than a week.
How Will Factoring Help My Business?
Many Texas companies face a similar dilemma. Your clients do not pay their invoices for up to 30 to 60 days or more, yet your overhead and general expenses come up daily or weekly. That means your business, especially if it's a startup or small to mid-sized company, faces the ongoing challenge of waiting on clients to pay you before you can pay your employees or cover other expenses.
If this scenario describes your business, Power Funding has the solution. Invoice Factoring helps many Texas companies access immediate cash when they need it.
Industries We Factor
Power Funding provides invoice factoring for businesses from every industry in Houston, Dallas, and the rest of Texas. Here are just a few of the many types of companies that love working with us:
- Oil & Gas Companies
- Agriculture Businesses
- Trucking & Transportation
- Staffing Agencies
- Manufacturing Companies
- Janitorial Services (Jan/San)
- Small Businesses & Startups
- Government & Municipalities
- Healthcare Services
- Service Providers
- Construction Companies
Why Choose Factoring Instead Of A Bank Loan?
Factoring Companies in Texas offer many benefits that a bank loan doesn't provide. Here are just a few:
- Banks rarely finance startups until they've been in business for at least two years. Power Funding is willing to factor your invoices no matter your company's stage of life.
- Banks require a nearly perfect credit history before lending anything to your business. Power Funding has a very low barrier to entry.
- Bank loans are approved by a board of directors. This makes the approval process much longer than necessary. At Power Funding, your application is approved directly by our underwriters. The process takes less than a week, rather than over a month.
- Bank loans sometimes take several weeks to pay you the money you've already qualified for. Power Funding offers same-day payments for your accounts receivables.
- Bank loans are debt, or liability, based. Invoice Factoring is asset-based and is not a loan.
- Bank loans are one time payments for a single need or project. Invoice Factoring provides ongoing funding every month for as long as you decide to utilize our services.
Request A Quote
If you're ready to start getting paid for your outstanding accounts receivables today instead of waiting for slow-paying clients to send you money, Power Funding is here to help. Contact us today to request a no-obligation quote.
