Apparel Factoring Companies
Receivables factoring in Apparel
Clothing and textile factoring is one of the oldest industries served by invoice factoring. Apparel factoring companies are familiar with the fast changing and competitive fashion industry. Fashion and apparel covers a huge variety of garments, leather and accessories and uses almost every type of textile manufactured.
Apparel factoring 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 your suppliers on time.
Working with an apparel factoring company will help your business. Apparel factoring companies are familiar with industry practices such as price markdowns, consignment agreements, and advertising promotions.
Rather than taking on 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.
Apparel 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.
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