IMM Financial is a Clothes Factoring Company with options for your Clothing Import Export Business. Whether you are a New Designer or a Large Manufacturer can get you the funding you need your distribution channels working with the Credit Insurance that is essential. Practically every company that is involved in Textile Import Export has a very similar hurdle to face. You fill your Clothing Orders and then you wait to collect on your Invoices.
Non-Recourse Factoring | Credit Insured Accounts | Clothes Factor | Clothing Import Export | Clothing Factor | Import Export Clothing | Textile Import Export
IMM Clothing Factors have programs to give you the Invoice Factoring you need. If you find that you have far more cash in your Receivables than you do in your bank account, Import Export Clothing Factoring & Invoice Discounting is an extremely useful option for your business. No matter where you are in the world, we have the ability to effectively and efficiently give you the funding to needed.
Clothing Factors | Clothing Import | Import Export Textile | Import Export Canada | Import Export USA | Garment Export
If you are looking for reduced Credit Risk, IMM Factoring offers Non-Recourse Factoring as well as Credit Insured Accounts. Many Apparel Companies find these options to be a critical necessity for their business and we also have that covered. You can have the total amount of the advance you receive insured so that in the event of default by your customer, it will cover the entire amount of the advance.
Generally speaking, the majority of Apparel Companies do not collect on their Accounts Receivables for 60 days or more before they are paid. Because you have to pay labor, duties, taxes, materials and many other items you need to run your business you need to pay either COD or net 30 days, this gap between when your invoices are paid versus when you actually get paid tends to be very difficult to manage. This is where IMM Clothing Factors comes in. Our Factoring Facilities can help your company bridge the gap between when you raise your invoices and the time that you are required to cover your Cash Flow requirements with Apparel Factoring Advances.
IMM Financial has a strong history in working with the requirements of the Import Export Textile Industry with our personalized Accounts Receivable Factoring Programs. Due to the size of your industry and the devotion we have to it, we have developed teams to work with your Clothing Factoring Accounts. This is a major asset to your company as we have the expertise, as well as the presence in all the major markets to service your account the way you would expect which will give your team the ability to focus on growing your business. When we work with you as your Clothing Import Export Funding partner will wire your funds to your bank account in under 24 to 48 hours from the time of confirmed delivery to your customer.
Generally speaking you receive advances two times per invoice. The initial sum will be around 85% of the amount you have invoiced for. As mentioned above, this will be sent to your bank account within 24 to 48 hours of confirmed delivery. Then, once your Clothing Export Import Invoice has been satisfied, you will be sent the balance of your money less the Factoring Fee has been deducted.
Apparel Finance | Apparel Factoring | Import Export Textile | Import Export Canada | Import Export USA | Garment Factor
The Factoring Fee normally will be come to about 1% to 3% of the face value of the invoice. What the actual Factoring Fee will be is determined by several factors such as customer credit, advance level and time the funds that are advanced are outstanding. Import Export Textile Factoring has always been a very critical part of many textile mills as well as clothing manufacturers and distributors and we have some of the most experienced personnel in the market that will be working with your account to be sure all goes smoothly.
As many people are aware, the most important thing about Invoice Factoring is the simple fact that your Cash Flow liquidity immediately becomes better. Now you will be getting your Textile Import Export Invoices paid not in months, or even weeks, but within a matter of days. This will help gage your company finances better because they will be much more predictable and you will know what you have to work with. Now, you will be able to comfortably manage payroll costs, employer deduction remittances as well as the other day to day costs that you need to pay.
We have an extremely professional back office operation which will manage your Receivables by our Professional Accounts Receivable Management Team. You will have access to our credit reporting facilities which are all part of the package we bring to the table when your partner with us. Naturally your Accounts Receivable Ledger will be available to you 24/7 so you can see exactly what is going on with your account live. You will also be receiving monthly statements which will give you the month in review if you prefer to monitor your account in this manner. Most clients find their company actually runs smoother because their Cash Flow is now healthier and they can focus on growing the business rather that chasing funds from work already performed.
If your Clothes Import Export Company is ready to grow but not be forced to deal fixed credit lines and you would like an Operating Line of Credit that actually grows with the sales of your company, take a few minutes to complete the form below. One of our Global Import Export Specialists will contact you shortly to explore the needs of your business and then discuss the solutions available to your Trade Import Export Business.