73% of High Point manufacturers report invoice payment terms of 30 days or longer. When your furniture plant on Westwood Avenue or textile operation near the Thomasville Road corridor ships product but waits weeks for payment, accounts receivable financing in High Point converts those outstanding invoices into immediate working capital.
Invoice factoring
Accounts receivable financing provides cash against your unpaid customer invoices without waiting 30, 60, or 90 days for payment. Unlike accounts receivable loans that add debt, factoring accounts receivable financing involves purchasing your invoices outright. The factoring company advances most of the invoice value immediately, collects payment directly from your customer, then remits the balance minus a fee. This structure means approval hinges on your customers' creditworthiness, not yours, improving approval odds for startups and businesses rebuilding credit.
Invoice factoring
Factoring in accounts receivable works best for businesses invoicing other companies or government entities. High Point furniture wholesalers shipping to retailers nationwide, machine shops in Archdale serving automotive clients, and staffing agencies in Jamestown placing workers at the Piedmont Triad logistics hubs all use accounts receivable funding. Most accounts receivable factoring companies require B2B invoices from creditworthy customers, at least three months in business, and no active bankruptcies. Personal credit matters less than your customers' payment history, which opens doors for newer operations.
How it works
Marshgate Funding connects High Point businesses to accounts receivable financing companies from our Premier Drive office. We review your invoice aging report, customer list, and monthly sales volume, then present options from multiple receivable financing companies. The broker process saves you time vetting factoring accounts receivable companies individually and often surfaces better advance rates. Most approvals complete within a week; funding follows within 24 hours of invoice verification.
A textile converter near Colfax invoiced $180,000 to a national apparel brand but needed cash to purchase raw fabric for the next production run. Through Marshgate, the company factored those invoices, received an advance within 48 hours, and maintained production schedules without delay. The factoring arrangement continued seasonally, aligning cash flow with the apparel industry's order cycles.
Explore more funding options on our High Point business funding page or review working capital solutions and business lines of credit. Marshgate Funding serves High Point and surrounding areas including Wallburg, Trinity, and Sophia.
Marshgate Funding 3980 Premier Dr, High Point, NC 27265 (336) 910-4745
Serving the High Point area
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