Factoring companies in Wisconsin buy your accounts receivable and advance you a percentage of the money. You receive the balance when the customer pays the invoice minus a fee. If your business has grown so much that your accounts receivable are much larger than your cash on hand, now’s the time to look for factoring companies. Wisconsin receivables factoring companies will buy your receivables and you’ll pocket much needed cash that you can then reinvest in your business.

You can also use a Wisconsin invoice factoring company if you want to expand your business. Rather than taking a loan and going into debt, sell your invoices to a Wisconsin factoring company to help your business grow. You can use the cash you receive to buy more inventory, hire more people or upgrade your equipment.

If you run a Wisconsin-based business, consider the following when looking for Wisconsin receivables financing:

1. Check out local Wisconsin factoring companies.

2. Find an online factoring company to handle your Wisconsin receivables factoring.

3. Select a nationwide factoring company that has factoring companies in Wisconsin.

Action Steps
The best contacts and resources to help you get it done

Check local Wisconsin cash flow factoring companies to receive the personal touch

Use local factoring companies. WI based companies will provide more personalized service for your Wisconsin commercial factoring business than national companies.

I recommend: Milwaukee Factors provides cash in 24 hours, advances up to 90% of your receivables and no hidden fees. They are located in Milwaukee, WI. Wisconsin Factors, Inc. offers a bonus if you sign up online.

Look for reliable online factoring companies that can handle your Wisconsin A/R factoring

When looking at online factoring companies you need to look at the history and the ease of approval by the factoring company. Also, take into consideration the rates the company charges for handling your Wisconsin accounts receivable (A/R) financing.

I recommend: Alliance One has account executives who have been in the finance business for more than 30 years. It specializes in factoring to small and mid-size businesses. Crestmark Commercial Capital Lending, LLC has been in business since 1991 and provides Wisconsin factoring to every size business. Capital Plus, founded in 1990, offers Wisconsin finance factoring to any business. It offers up to 85% advanced rates, helps you build your credit and gives you much needed cash when you need it.

Find a national company that can handle your Wisconsin AR factoring

Even though local Wisconsin business factoring companies are likely to provide more personalized service, there are some excellent national companies that can handle your Wisconsin factoring services.

I recommend: Commercial Capital LLC has representatives in every state and offers factoring to small and mid-size businesses. It has rates as low as 1.5% and advances as high as 90%. ONAN Commercial Lending is a division of ONAN Capital Holdings, Inc and provides financing to small and medium sized businesses nationwide. Rexford Funding is a nationwide company that has account executives who have been in the finance business for more than 30 years. It is committed to bringing Wisconsin invoice factoring to small businesses. LSQ Funding Group, founded in 1996, works exclusively with small to mid-size businesses. They have representatives in Wisconsin.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Getting a loan in Wisconsin is difficult for new businesses. Wisconsin factoring companies offers you an alternative, since factoring isn't a loan, and your customers' ability to pay is the basis of your approval.
• •  Make sure you understand the terms of the factoring company in Wisconsin that you decide to engage. The amount of the advance on your accounts receivable can vary from 65% to 97%, and the fees vary from 1% to 5% of your receivables.