The technology industry is integrated in our lives. We rely on the technology sector to keep commerce and our personal lives moving. The IT sector relies on cash flow to be able to deliver solutions and grow into new markets. If tech firms and consultants are dealing with unpaid invoices, they cannot cover the costs to keep operations running.

New Century Financial specializes in accounts receivable factoring for IT companies. We convert unpaid invoices to cash in order to boost cash flow so technology businesses can thrive and grow in a competitive marketplace. Learn more about the advantages of IT factoring.

Eliminate Staggered Payment Schedules

In a world where commerce occurs at an ever-increasing pace, staggered payment schedules remain constant. IT businesses and contractors still issue invoices with 30, 60, and even 90 days payment schedules. These staggered schedules can cause gaps in revenue because customers will wait a month or longer to submit payments.

technology factoring in server room

New Century Financial unlocks the revenue tied up in unpaid receivables by turning invoices into cash and making funds available within 24 hours. IT factoring is a transparent process that does not place any debt on the balance sheet, so businesses can preserve their credit ratings and grow their capital reserves. IT factoring services from New Century Financial features:

  • Streamlined approval process
  • Cash for invoices available within 24 hours
  • No term contracts
  • 24/7 support & reporting
  • Zero upper limits
  • No hidden fees
  • Choose which invoices, or parts of invoices, get funded
  • Accessible off-balance sheet capital

The Benefits of IT Factoring

Information technology factoring needs to be fast, accessible, and transparent to meet the needs of IT businesses. New Century Financial goes above and beyond traditional factoring companies by offering quick access to funds from invoices, no long-term contracts, and no hidden fees.

researching information technology factoring

Additionally, we believe technology businesses, contractors, and consultants should have complete autonomy over which invoices or parts of invoices get factored in. Our factoring services boost cash flow and provide the working capital necessary to cover overhead and build capital reserves for research, development, and business growth. IT is factoring services from New Century Financial offer such benefits as:

  • The ability to meet payroll
  • Keep supplementary cash-on-hand
  • Augment overhead to maintain a competitive edge
  • Hire staff with specialized skills
  • Upgrade equipment
  • Take advantage of opportunities to expand into new markets
  • Access off-balance sheet capital for your business needs
  • Build up capital reserves for future projects
  • Smooth out cash flow despite uneven revenue cycles
  • And much more!

Optimize Cash Flow with IT Factoring Today

New Century Financial works with technology businesses, IT consultants, and more to provide customized factoring solutions. Whether you are waiting on outstanding payments for an IT contract, want to rightsize cash flow issues for your tech firm, or accelerate cash flow for growth projects, contact the team at New Century Financial today.

Take five minutes to read our "Entrepreneur’s Guide to Factoring” for more information, and call us at 800-805-8380 or Apply Now to get started.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Name*

By submitting this form, you agree to receive text messages from New Century Financial at the mobile number used when signing up or provided to New Century Financial. Consent is not a condition of any purchase or transaction. Msg frequency varies. Msg & data rates may apply. View Terms & Privacy.