Factoring Company for New Mexico
Power Funding is your debt-free financing option for your New Mexico business. We serve clients throughout New Mexico, including Santa Fe, Albuquerque, Las Cruces, and more with invoice factoring. Sell your outstanding accounts receivable invoices to Power Funding and get paid up to 98% of your total billables within 24 hours.
Invoice Factoring is not debt financing. It's a foolproof way to get ongoing cash every month to keep your business growing by selling your most valuable assets—namely, your accounts receivables.
Here's How It Works
Unlike a business loan, Invoice Factoring provides you with the cash flow you need month after month. Simply turn in your outstanding invoices to Power Funding each month, and we'll pay you a high percentage of your total receivables the same day. No debt is incurred, and no interest is owed. We'll pay you a large portion of your invoices upfront and send you the remainder after your clients pay in full.
Not only does Power Funding pay you for your invoices within 24 hours, but we also handle your logistics associated with your accounts payable department. We essentially become your company's credit arm, managing collections, payment processing, and more.
If you ever find yourself panicked, wondering when your customers will pay their invoices so that you can pay your employees or cover your overhead, you're not alone. Power Funding will give you access to the cash you need today so that you don't have to worry about tomorrow.
The Process
New Mexico companies depend on the exceptional factoring services Power Funding provides because we offer some of the highest advances in the factoring industry. The process is quick, simple, and free! Here's how it works:
1. Apply For Accounts Receivable Financing Today
The application process is straightforward with minimal paperwork, low barriers to entry, and quick turnaround.
2. Get Approved This Week
At Power Funding, we pride ourselves in local decision making. You don't have to wait for a board of directors to approve or deny your application because your application goes directly to our underwriting department. This drastically reduces the amount of time you have to wait for approval. You can expect an answer within 2-5 business days.
3. Receive Your First Payment Within 24 Hours
Upon approval, you can start submitting your invoices immediately and receive your first payment the same day.
How Will Factoring Help My Business?
Many new Mexico companies benefit from factoring because it allows them to run their day-to-day operations without impatiently waiting for slow-paying clients. With Invoice Factoring, your company can pay your employees on time, restock inventory as needed, purchase or repair equipment, fuel your vehicles, and cover your daily operations worry-free. Contact us to learn more about how it works.
Industries We Factor
As a factoring company serving New Mexico businesses, we offer factoring services to corporations from nearly every industry. Some of the most common types of organizations we help include:
- Agriculture & PACA Companies
- Construction Companies & General Contractors
- Government & Municipalities
- Healthcare Services
- Janitorial Services (Jan/San)
- Manufacturing Companies
- Oilfield Service Companies
- Staffing Agencies
- Startups & Small Businesses
- Service Providers
- Trucking & Transportation
Why Factoring Is Better Than A Bank Loan
Before you apply for a business loan from a bank, consider this. Power Funding offers much more than a bank loan can. When you apply for a line of credit from a bank, you are usually requesting one-time funding for a special project, such as new construction. However, if you need ongoing financing to cover your daily and weekly expenses, a bank loan is of little help. Only Invoice Factoring can turn your accounts receivables into immediate cash so that you can operate your business from the capital you've actually earned with no interest rate or debt incurred.
Additionally, banks rarely lend to startups that have been in business for less than two years. If you lead a startup or if your company has a rough credit history, qualifying for a loan becomes increasingly unlikely. If either of these scenarios describes you, call Power Funding today.
Finally, Power Funding is much more than a financing company. When you work with us, we come alongside your business to handle your collections and payment processing at no additional cost to you.
These are just a few of the innumerable reasons businesses throughout New Mexico love working with Power Funding for all their ongoing funding needs.
Request A Quote
Call Power Funding today to request a quote or to learn more about our services. We look forward to helping your business thrive!
