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BM FINANCIAL LLC
We help small businesses with bright ideas grow
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About the company
BM FINANCIAL LLC was established in September 2019 and opened its doors for business in 2020 with a goal in mind to redefine what a factoring company can offer to its clients. It didn’t take long before BM FINANCIAL LLC started making waves within the industry. BM FINANCIAL LLC started offering additional benefits and services to their clients by 2021. With this goal reached and attention being gained it was no surprise when BM FINANCIAL LLC reached a first milestone only a year later in 2022 signing on their 10th client and still receiving dozens of new partnership requests. This success was largely due to the mission behind BM FINANCIAL LLC, not just to offer a cut and dry service, but to develop lasting relationships and help their clients businesses grow and thrive in the industry.
What Is a Factor?
A factor is an intermediary agent that provides cash or financing to companies by purchasing their accounts receivables. A factor is essentially a funding source that agrees to pay the company the value of an invoice less a discount for commission and fees. Factoring can help companies improve their short-term cash needs by selling their receivables in return for an injection of cash from the factoring company. The practice is also known as factoring, factoring finance, and accounts receivable financing.
How Does Factoring Work?
A company that has accounts receivables is waiting on payment from its customers. Depending on the company's finances, it may need that cash to continue operating its business or funding growth. The longer it takes time to collect the accounts receivables, the more difficult it is for a business to run its operations. Factoring allows a company to sell off its receivables at one time rather than having to wait on collecting from customers. The receivables are sold at a discount, meaning that the factoring company may pay the company with the receivables 80% or 90%, depending on the agreement, of the value of the receivables. This may be worth it to the company in order to receive the influx of cash.
A factor is an intermediary agent that provides cash or financing to companies by purchasing their accounts receivables. A factor is essentially a funding source that agrees to pay the company the value of an invoice less a discount for commission and fees. Factoring can help companies improve their short-term cash needs by selling their receivables in return for an injection of cash from the factoring company. The practice is also known as factoring, factoring finance, and accounts receivable financing.
How Does Factoring Work?
A company that has accounts receivables is waiting on payment from its customers. Depending on the company's finances, it may need that cash to continue operating its business or funding growth. The longer it takes time to collect the accounts receivables, the more difficult it is for a business to run its operations. Factoring allows a company to sell off its receivables at one time rather than having to wait on collecting from customers. The receivables are sold at a discount, meaning that the factoring company may pay the company with the receivables 80% or 90%, depending on the agreement, of the value of the receivables. This may be worth it to the company in order to receive the influx of cash.
Our Advantages
We work hard every day to make life of our clients better and happier
Quality
We provide the fast funding that you need without any complicated process. Easy-to-use platform to keep track of company performance
Support
Dedicated customer service that focused solely on handling your requests.
Price
No extra fees. No minimum-volume fees. No invoice upload fees.
Services
1
Freight factoring
Submit loads that have been completed until 11:59 AM and get paid until the end of that day thru Monday to Friday*
2
Accounting services
We provide accounts receivable, accounts payable, tax, payroll and other accounting related services.
Contact us:
+1 224-258-0603
info@bmfinancialllc.com
info@bmfinancialllc.com
4315 Lincoln Ave, STE 204, Lisle, IL 60532