Pallet companies can run into cash flow constraints just like any manufacturer when making and repairing pallets for customers.  The pallet industry requires labor and the purchase of supplies far in advance of getting paid by your customers that buy your pallets.  It makes sense that a very high percentage of pallet companies have turned to invoice factoring to speed up cash flow in order to keep up with pallet manufacturing demands.

Once your pallets have been made and the load has been shipped to your customers you need to move on the next order and pay your labor and supply bills.  It can turn into a very tight situation as you waite 30 to 60 days to get paid.  This often leads to slowing down your growth or managing the mail box for payments when you could better use your time more effectively.

Imagine if all your pallet customers paid you in one day?  That’s what we can offer using pallet company factoring.  You generate your invoice just like you always have and submit the invoice to us for funding.  We provide you with 90% of the total the next day.  We hold 10% in a reserve account and once your customer pays the invoice you get the 10% less the invoice factoring fee.  The factoring fee  ranges from 1% to 3% of the invoice total.

Want a quick factoring quote? Please click here to get a great factoring rate.