Factoring for Scrap Metal Vendors

Factoring for scrap metalInvoice factoring and credit protection play an essential role in the scrap metal recycling industry.

Often suppliers have to wait 30-60 days for payment and invoice factoring with credit protection can be the ideal solution to maintain proper levels of working capital.  Factoring allows metal companies of all kinds. Whether they are from government contractors to startups to companies with concentration issues, you will get funding fast and easily with up to 90% of the invoice advanced. The metal supplier industry is a growing and important industry in the United States:

Companies often collect scrap metal from a variety of sources including junk cars, old machinery, appliances, and construction waste. This enables many small companies to enter the industry and cater to a local market.  Scrap metal recycling in the U.S. remains an important source of supply for developing countries that need both ferrous and nonferrous metals to supplement their development. Over the five years to 2018, industry revenue is projected to increase per year on average.

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