Factoring for Appraisors

Factoring For Appraisal Companies

As an appraisal company you take on many jobs through different banks, appraisal management companies, and mortgage companies. Each of these companies most likely pays over different time frames meaning that you could get paid for your work within 14 days, or it could take up to 90 days or sometimes even longer.

Managing your overhead, payroll, and other daily expenses while waiting for banks, appraisal management companies, and mortgage companies to pay on completed orders can cause cash flow crunches, a lack of working capital, or even hinder you from growing your business. As a result, you might experience financial concerns such as a lack in necessary funds for expansion, development expenses, employee salaries and more.

You might turn to a traditional business loan to cover these expenses when there is a better option available. Factoring offers flexible financing solutions with fast approval processes. Treasure Valley Factors allows you to factor your accounts receivable at a small discount, typically 5%, and get your money within 24 hours instead of waiting for the completed order to mature. You can choose to factor as many or as few of your orders as you choose to meet your current cash needs.

Through factoring you can avoid taking out loans and other forms or debt that come with a high interest rate and focus on accelerating the cash flow you need to meet your current financial needs on an ongoing basis. Another benefit of factoring is that once we have purchased your accounts receivable, we handle the collection process for you, saving you time and money.

To learn more about how Treasure Valley Factors can help your business, please fill out the contact form below and a member of our team will reach out to you to answer all of your questions.

 

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