Invoice Factoring for Furniture Companies
Furniture and Home Décor companies that manufacture, distribute, or sell furniture and other home furnishings often carry a lot of stock. It is natural to the business but can be a risk, particularly when a large order is placed, but the client requests that delivery and payment be delayed as a project is not complete.
Are you struggling to meet your short-term obligations? Do you have established clients, but your cash flow is negatively impacted because they delay delivery and payment or pay 30, 60, and even 90 days after receiving your invoice? Factoring is a reputable business funding alternative. Sell your accounts receivable to us, and we will provide you with capital. We pay a large percentage of your invoice upfront for work already completed.
Furniture Factoring vs. Bank Loans
Bank loans are approved based on your furniture company’s operational and credit history. If the loan is approved, your company incurs debt that must be repaid over a set period, with interest. Factoring provides funding solely based on the credit strength of your clients. You incur no debt and pay no interest.
Top Challenges in the Furniture Industry
How to Run a Successful Furniture Company
There is always a market for quality furniture and other home furnishings, but it must be accompanied by excellent customer service, fair pricing, and efficient delivery services. You might not always have the capital to add new collections to your merchandise offerings, but a factoring company provides funding as soon as an agreement is reached.
Financing Options for Furniture Companies
Request a furniture factoring quote today.