Innovation takes time and capital, as our customers will tell you. When a manufacturer of new farm equipment needed faster payment on delivered products, they turned to factoring.
With years of experience as arable farmers, Cultivating Solutions had developed cultivation equipment that provides minimal disruption to the soil and improves accuracy and crop production to increase crop profitability.
They came to AGC’s factor partner with a capital challenge. They had demand to manufacture 8 machines, but funds to produce just 5. Using selective invoice financing, they were able to raise cash against their invoices in 24 hours to confidently proceed with the production and sale of 11 machines which exceeded revenue projections by 60%.
For growing companies such as this equipment manufacturer who now uses the facility regularly, invoice discounting provides the flexibility to respond to market demand and maintain strong relationships with customers.
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