Receivables factoring in Alabama
Alabama has an economy invested in aerospace, automobile manufacturing, and steel production and fabrication. Birmingham is the largest industrial city in Alabama as a major distribution center for international trade and warehousing. Birmingham’s nearby waterways make it a major shipper of general commodities.
Accounts receivable financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay for supplies, payroll and other operating expenses.
Line of credit
Rather than sinking into debt and making loan payments, invoice factoring is similar to a bank line of credit. You also get to enjoy the many benefits of receivables factoring that banks don’t offer.
Working with an Alabama factoring company will help your small business improve its cash flow. You’ll get cash flow, receivables management, credit services and a business partner to help you through the tough times.
Alabama factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.