Benefits of Factoring for Tech Companies
Factoring services for the tech industry offer more than just a cash advance. By utilizing business funding solutions such as working capital loans for tech companies, you also gain access to benefits such as:
Putting Porter Capital in charge of collections will help your company save on overhead while reducing staffing costs. Porter Capital will communicate directly with customers about open invoices and create a payment schedule.
Credit and Background Checks
Porter Capital will evaluate all new and existing customers to determine their creditworthiness and assign a spending limit to all approved companies. Our credit and background check services will allow you to trust that your clients can and will pay so you can complete orders with confidence.
At Porter Capital, we understand that a long-term factoring contract may not be the best fit for your technology company. We offer short-term contracts for our factoring agreement that you can easily renew or cancel.
Instant and constant access to updated reports online will help your company incorporate the latest factoring information into its business accounts. Our team will provide you with a unique login that will show information such as your last transaction and which invoices remain open.