Invoice factoring companies serve Denver and it's nearby cities of Aurora, Boulder, Lakewood, Fort Collins and Colorado Springs. Small businesses are seeking financing with the help of Denver factoring companies. Bank financing has been very difficult to obtain for small businesses, so the concept of invoice factoring is a very attractive alternative. Denver is a technology boom town. With a large supply of educated millennials, the digital economy is thriving. Start-ups and young businesses see the need for invoice factoring companies in Denver and its surrounding suburbs.
Because Denver is also located between the eastern and western portions of the country, it's a major warehousing and distribution center. Denver is also strategically located to benefit telecommunications companies. It's location allows businesses to offer a one-bounce real-time satellite uplink to 6 different continents in the same business day.
Denver factoring companies provide factoring services to many industries including trucking, technology, manufacturing, distribution or almost any commercial B2B business. When you find a Denver factoring company, you get the many benefit of invoice factoring:
- Professional accounts receivable management.
- Quick and easy approval, often within 2 to 3 days.
- Initial funding within 5 to 7 business days, sometimes sooner.
- Immediate cash flow without going into debt.
One of the most attractive features of factoring is that your business doesn't need 2 to 3 years of profitability and financial history. Start-up and young businesses with virtually zero credit history are capable of using factoring companies. Denver factoring companies focus on the credit-worthiness of your customers rather than your credit and history. As long as your business is profitable and has good customers, then you're an excellent candidate for accounts receivable factoring.