The Benchmarq Advantage - Our Core Product
Our core product, Benchmarq Advantage, uses your company’s receivables as collateral, letting you harness the latent cash flow in your unpaid invoices coupled with a Term loan in 2nd lien position. We often provide up to 90% advance rates on those invoices, giving you the cash flow to keep your business in play. When working capital is tight, the Benchmarq Advantage can be a key part of your ongoing cash flow strategy. Benchmarq can provide invoice factoring for up to 90% against your invoices plus a term loan thus making it easier to pay suppliers, take on new orders, and make payroll.
Industries we proudly serve
We provide invoice factoring for companies that build things. If you can make it, we can fund it.
Freight and Trucking
Whether your company has a big fleet or just one truck, Benchmarq can deliver invoice factoring faster.
From Consultants to staffing to oilfield services, we offer invoice factoring for all types of professional businesses.
Distributors and Wholesalers
Our invoice factoring can allow you to get your product from Point A to Point B.
Uses receivables as collateral
Up to 90% advance rates
Immediate cash flow
Junior Debt Term Loan up to $500,000 with a 24 month payback via Bi-weekly (Follows behind AR credit Facility)
What is Invoice Factoring?
How does Invoice Factoring work?
Invoice Factoring created cash flow from unpaid customer receivables. With invoice factoring, a business can access their unpaid invoices at a discounted rate to keep cash flowing to their bank account. Also known as accounts receivable factoring, invoice factoring is best for business owners who have customers that do not pay for their good or services immediately, in industries like manufacturing and service where they are selling customers a tangible, completed good or service.
Qualifying for invoice factoring
Businesses that invoice customers for goods and services that can be verified as “completed” are ideal candidates for invoice factoring. Another key element for qualification is good credit, including a clean financial and tax background. If your business covers these qualifications, then you may be well on your way to get the cash flow your company needs from invoice factoring!
Apply for invoice factoring today!
Many lenders and banking institutions will require you to fill out difficult paperwork to get the cash flow for your business. Benchmarq team members are experts at making the process as simple as possible, so you can get the invoice factoring that will help your company grow.
Step 1 - Invoices to Cash
Your business has outstanding B2B invoices from creditworthy customers, and you need increased cash flow now.
Step 2 - Cash Immediately
Once your business invoices are verified, Benchmarq typically wires 80-90% of your qualifying invoices.
Step 3 - Repeat
Repeat when you have new invoices for unlimited working capital so your business has the cash it needs to grow!
How invoice factoring compares
Take a look at our offerings, and see how we can help. We offer loans from the low 6 figures to 7 figures, plus. From higher reporting to lower risk, and borrowing base to invoice purchase, somewhere on that chart is a loan for your company.