How Advanced Factoring works
Advanced Factoring finances the cycle from purchase order to buyer payment. Your factory's track record can earn you a better rate.
From PO to payment
- 01Send a PO
You send a purchase order from a qualified buyer. We verify it.
- 02Get an advance
We advance funds to cover your production costs.
- 03Produce and ship
You make the parts, ship them on time and invoice your buyer.
- 04Buyer pays
We are repaid when your buyer pays the invoice. Repayment cycles go up to 120 days.
Eligibility
- Manufacturers
- Manufacturers in North America: Mexico, the United States and Canada.
- Buyers
- Buyer contracts of one year or more, with recurring orders and deliveries during the year and a predictable payment cycle.
How your track record gets you a better rate
Every order creates a record of how your factory runs: production, tooling, quality, materials and operations. When you connect Reshore IQ to your systems, that record shows how reliable your factory is. A clearer view of your factory lets us offer you a better rate.
Records that count toward your rate
| Category | Examples |
|---|---|
| Production | Cycle times, scrap, yields |
| Tooling | Molds, cavities, steel, maintenance |
| Operations | Machines, shifts, OEE |
| Materials | Resins, colorants, lots |
| Quality | Defects, inspections, certifications |
Reshore IQ included
Reshore IQ is included with Advanced Factoring.
Explore Reshore IQTwo ways to work with Reshore
Advanced Factoring with Reshore IQ
Get working capital at a better rate, based on how your factory runs. Reshore IQ is included.
Reshore IQ on its own
You can connect to Reshore IQ even if you're not using our capital solutions yet.
Your data is protected.
Privacy is a core part of Reshore IQ and of every partnership with Reshore. Your data is secure and encrypted, and we anonymize every record. We take your data, your compliance and your business relationships seriously.
Onboarding
Our engineers connect Reshore IQ to the systems your factory already uses, across the product lifecycle.
Questions
What is Advanced Factoring?
Financing for factories, from purchase order to buyer payment. Your factory's track record can earn you a better rate.
Which factories can apply?
Manufacturers in North America: Mexico, the United States and Canada.
Which buyers qualify?
Buyers with contracts of one year or more, recurring orders and a predictable payment cycle.
How long are repayment cycles?
Up to 120 days.
What counts toward my rate?
Your production, tooling, quality, materials and operations records. Up to 65 types of records count toward your rate.
Who reviews my records?
Reshore reviews them to set your rate.
What is the difference between the two options?
Advanced Factoring with Reshore IQ gives you working capital at a better rate, based on how your factory runs. With Reshore IQ on its own, you can connect to Reshore IQ even if you're not using our capital solutions yet.
How do you protect my data?
Privacy is a core part of Reshore IQ and of every partnership with Reshore. Your data is secure and encrypted, and we anonymize every record.
What is Reshore IQ?
A workflow automation and analytics platform. It enters purchase orders, invoices and payments into your ERP, and shows efficiency gains, operational risks and opportunities to improve.
Can I use Reshore IQ without capital?
Yes. You can connect to Reshore IQ even if you're not using our capital solutions yet.
How do I apply?
Send the form on the Apply page.
Ready to apply?
Reshore is a commercial company. Financing is for businesses only and is subject to credit approval and a signed agreement.