Bank financing is very difficult to obtain for small businesses. Established businesses qualify for bank lending if the business has strong cash flow and a good credit rating. However, small businesses usually can't qualify for traditional bank financing. That's where an invoice factoring company can help.
Many of Colorado's top industries utilize the services of a Colorado factoring company.
- Trucking and freight
- Professional services
- Mining, logging and construction
Because Colorado is located between the eastern and western portions of the country, it's a major warehousing and distribution center. When you find the right Colorado factoring company for your business, you get the benefits of invoice factoring:
- Quick and easy approval, often within 1 or 2 days.
- Initial cash funding within 5 to 10 business days.
- No hassle with debt or loan repayments.
- Accounts receivable collections and management.
One of the most attractive features of factoring is that your business doesn't need 2 to 3 years of financial history. Factoring companies focus more on your customers' credit than your own. Start-up businesses with no credit history are just as capable of using Colorado factoring companies as established businesses.
Is Quick & Easy
Accounts Receivable Financing
Guide to Factoring Receivables
Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.