Orlando businesses utilize invoice factoring because factoring invoices accelerates your cash flow. Orlando factoring companies advance you money based on the ability of your customers or clients to pay. If you have invoices or uncollected accounts receivable and need cash, factoring is a great solution. In addition, factoring companies also provide credit management and collection services which can save you stress, time and money.
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 Orlando factoring company can help.
Improving cash flow without debt is an attractive financial tool for start-ups and young companies. Accounts receivable factoring companies serve Orlando and surrounding cities including Kissimmee, Maitland, Sanford and Winter Park. If you can't qualify for traditional bank financing, then accounts receivable factoring allows you to get cash on your invoices and accounts receivable in as soon as 3 to 5 business days. Not only does factoring services solve cash flow problems, it also reduces your overhead costs. You no longer need to in-house personnel for receivables management and collections.