Dallas-Fort Worth Area
Receivables factoring in the Dallas-Fort Worth Metroplex
The Dallas – Fort Worth metroplex has the fastest growing population in the country, with 7.5 million people. DFW is the fourth largest metropolitan economy in the U.S. The area’s economy ranks 10th largest in the world and is a major center of energy, defense, technology, transportation and logistics.
The DFW metroplex includes 13 counties in Texas, with the following largest cities: Dallas, Ft. Worth, Arlington, Plano, Garland, Irving, Grand Prairie, McKinney, Frisco, Mesquite, Carrollton, Denton, Richardson, Lewisville, and Allen. Fort Worth is the 15th largest city in the U.S.
The area is home to 25 Fortune 500 companies which is the third-largest, behind only New York and Chicago. Companies headquartered in the Dallas-Fort Worth metroplex include Exxon, McKesson, AT&T, American Airlines, and Kimberly-Clark.
Overall, DFW has more than 115,000 businesses, with 50,000 having been in business more than 10 years. Minorities own 29,000 and women own 22,000, and veterans own more than 7,000.
DFW businesses turn to receivables factoring to sustain cash-flow and accelerate growth. Bank loan requirements are rigid and tight for small businesses, so invoice factoring is an excellent alternative. Dallas has a large number of factoring companies that serve all types of industries.
Goodman Capital and Mazon Associates are industry pioneers that have been providing factoring services since the 1970’s. Triumph Business Capital is one of the largest factoring companies in the country, with a big focus on freight factoring. Since Texas is one of the largest oil producers in the world, most of the Dallas-Fort Worth factoring companies serve the oil and gas industry.