Receivables factoring in Miami
Miami, Florida is an international hub for commerce and trade. Miami has the 2nd largest Hispanic-owned small business community in America. With so much opportunity, small businesses rely on invoice factoring services for operating capital needs.
Your business normally invoices your customers and then waits 30 to 90 days for payment. A Miami area factoring company pays you upfront, so you don’t have to wait until you collect your receivables.
Line of credit
Invoice factoring is similar to a bank line of credit, in that it provides a steady stream of working capital to fund business growth and day-to-day operations. You also get to enjoy the many benefits of receivables factoring that banks don’t offer.
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.
FactoringClub has the most comprehensive and up-to-date information on factoring companies in the U.S. and Canada. We can help you find the right factoring company for your needs.