Business Funding Made Simple
Factor USA Chicago
Our Financial Products & Services
At Factor USA Chicago, we are nationally recognized providers of commercial factoring as well as many other small business alternative commercial financial solutions. We are professional certified commercial finance consultants and registered members of IACFB (the International Association of Commercial Finance Brokers).
Commercial Factoring
Factoring is one of the most utilized methods or types of business finance practiced worldwide. In simple terms, factoring or accounts receivable factoring, is the periodic (typically weekly) sale of the accounts receivable of a business (invoices) at a slight discount to a finance company known as the factor. Factoring is commonly employed by businesses that sell B2B and grant extended terms of payment to their customers for goods or services provided, allowing those customers to delay payment upon invoices for 30, 45, 60 days or sometimes even longer. Factoring is probably the oldest form of commercial finance known to man and is employed as a popular business finance strategy in almost every corner of the globe.
Asset-Based Lending & SBA
Much like it sounds, asset-based lending provides working capital for your business’s assets, including your accounts receivable, inventory, and equipment. Our Asset-Based loans, or ABL, are typically structured as revolving lines of credit, although we additionally often provide term loans through the SBA’s popular 7a programs, which even include SBA Microloans.
Unlike factoring, which has very minimal credit requirements for business owners to qualify, asset-based loan solutions do require certain parameters you will be required to meet. For revolving lines of credit ABLs, the type of goods (your product) that you produce or distribute is often key to loan approval. We are experts at matching the right ABL lenders to our clients… everytime.
Purchase Order
Finance
Did that order come in from your last trade show, and is it much larger than you thought? Now, do you need material to produce to meet the purchase order time frame? If so, you require purchase order finance, which includes letters of credit for offshore manufacturing.
International Trade
Solutions
If you’ve received an order from a new international customer and you’re concerned about how you can guarantee payment, we have the perfect solutions for you including international commercial factoring. Call us to find out more.
Equipment
Leasing
Leasing is a powerful tool for financing production equipment separately from operating lines of credit at banks and other working capital sources. We are experts in finding the right type of lease for virtually any kind of equipment.
Merchant Cash
Advanced
For B2C operators, such as restaurant owners, hair salon owners, gym owners, and many other consumer business types, accessing commercial financing can take time and effort. Merchant Cash Advances can be a solution when more traditional sources of business capital are unavailable.