Crestmark Bank Factoring is a factoring company located in Troy, Michigan. Crestmark Bank Factoring offers invoice discount factoring and traditional accounts receivable factoring. Crestmark Factoring also offers other specialized business working capital solutions. You can use this business working capital to grow sales, pay quickly to get supplier discounts, for payroll funding and to manage your business accounts receivable. Crestmark recourse factoring grows and shrinks with your sales volume and makes your business financing a variable expense based on sales. Some benefits of Crestmark recourse factoring include:
• Up to 90% invoice advance amounts
• Factoring lines of credit up to $5 Million dollars
• Customer credit research, approval and reporting
• Regular factoring advances as needed
• Generous factoring advance rates
• Invoice collection and payment posting
• Reduces a business owner’s stress
• Competitive factoring fee rates
• 24 hour turnaround on factor funding advances
• Quicker business cashflow
Crestmark Bank Factoring company also offers a factoring product called traditional non- recourse accounts receivable invoice factoring. This is a great way for import businesses and export businesses to outsource their credit and collection of accounts receivable. Some of the benefits of non-recourse factoring include:
• Larger factoring lines of credit
• Availability of factoring letters of credit
• Approved Invoices are paid to you even if the customer does not pay Crestmark
• Accounts receivable collection management service
• Real time, around the clock online factor reporting
• Value added proactive customer service driven interaction with your business customers
Some of the industries Crestmark Bank Factoring provides working capital to:
• Domestic Manufacturing company factoring
• Staffing Company Factoring
• Factoring for commercial printers
• Invoice factoring for home furnishing suppliers
• Freight bill factoring for trucking companies
• Financing for Commercial Door Service/Repair businesses
• Metal Fabrication accounts receivable factoring
• Government contractor receivables factoring
• Factoring for Energy Well Servicers
• Letters of credit for Importers
• Invoice factoring for Furniture Manufacturers
• Apparel company invoice factoring
• Cable Installer payroll funding
• Store Display Manufacturers
• Factoring for Marketing Companies
Government contract receivable funding is another Crestmark Bank accounts receivable factoring specialty. The working capital provided to government contractors can help them take on large government contracts and finance the related payroll growth. The Crestmark Bank government contractor factoring program uses the Federal Assignment of Claims act and the The Federal Acquisition Regulations to take assignment of the government receivables. Once assigned properly they can be used as factoring collateral. This gives the government contractor the business working capital needed to perform the contract.
Crestmark Bank Factoring company provides business capital that can be used for business expansion, business acquisition funding, financing sales growth, and business turn around situations. For temp staffing company’s the Crestmark Bank can provide staffing lines of credit, front staffing office solutions, staffing back office solutions, financing for worker’s compensation insurance, temp staffing payroll funding and traditional staffing invoice factoring.
Crestmark Bank accounts receivable factoring also serves the trucking and logistics industry. The freight bill invoice factoring program is marked by:
• No factoring contracts or minimum factoring fees
• A trucking fuel card program
• Same day invoice factoring funds
• Direct deposit trucking payroll
• Quick freight bill funding turn-arounds
• Flexible trucking finance
You can reach Crestmark Bank Factoring at:
5480 Corporate Drive, Suite 350
Troy, Michigan 48098
Phone: 248-641-5100
888-999-6088
Fax 248-641-5101
