At Power Funding, Ltd., we know the ins and outs of the PACA and agriculture industry. We understand the financial ups and downs that farmers, distributors, and manufacturers face each season. That's why Power Funding is here to help you access the ongoing funds you need to keep your business growing and thriving through Agriculture Invoice Factoring.
Agriculture Factoring is a debt-free financing solution that provides your business with continuous funding each month and throughout every season.
The process is straightforward. We purchase your outstanding accounts receivables and pay you up to 98% within 24 hours. You'll receive the remainder after your clients pay their bill in full.
When it comes to agriculture, many companies pay their employees every Friday and cover expenses daily, yet they bill their clients at Net 30, 45, or 60. That means you're left worrying and waiting for clients to pay so that you can handle your general overhead. This predicament is stressful.
The good news is that you don't have to continue dealing with this challenge month after month. Power Funding can pay you immediately for your invoices so that you can keep running your day to day operations worry-free.
Invoice factoring is not debt financing. It's asset financing. That means we use your assets—namely, your accounts receivable invoices—to give you the cash you need to run your business. There is no debt involved. We simply pay you for the services or products you've already sold.
Getting started is easy:
1. Apply For Free
The application process is quick and simple. Rather than requiring piles of paperwork and a perfect credit history like a bank usually does, our applications can be completed within a matter of minutes and approved this week. We work with all credit situations, including bankruptcies on occasion.
2. Get Approved By Friday
When applying for a bank loan, you may be waiting for the board of directors to approve or deny your application for weeks or months. At Power Funding, our application process takes 2-5 business days. Once your application is approved, you can begin submitting your invoices that day.
3. Get Paid Immediately
If you've ever applied for a business loan from a bank, you know that even after you get approved, it may take up to several weeks before you receive payment. Power Funding understands that you need money now. That's why we provide same-day payouts to our clients. You'll get paid within 24 hours.
Farmers, growers, packers, distributors, and the like use our services to cover payroll, purchase inventory, buy or repair machinery, and handle other day-to-day expenses as they come up.
Very few factoring companies are willing to fund agriculture and production businesses, but we do. We value the service the PACA industry provides and want to ensure you have the best financing options available to run your business.
Many companies in the PACA industry rely on Power Funding because of the many benefits we offer:
If you're ready to grow your agriculture business and expand your working capital, contact Power Funding today! We'll start an application with you over the phone and get you approved for funding quickly. We look forward to serving you.