Receivables factoring in San Diego
San Diego was recently designated by Forbes magazine as the best city in the country to launch a small business or startup company. San Diego hosts the largest naval fleet in the world and is the Navy’s principal location for West Coast and Pacific Ocean operations. San Diego also hosts several major high-tech companies.
Invoice financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. The factoring company purchases your invoices and send you cash within 24 hours.
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 a 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.
Most California 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.