Tampa / St. Petersburg Factoring
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. Businesses that need financing can benefit from invoice factoring even if you don't qualify for bank financing. Accounts receivable factoring is debt-free cash flow, quick and easy approval, and very manageable. You can get cash in as soon as 3 to 5 business days.
Not only does invoice factoring solve cash flow issues, but it also reduces your overhead costs. You no longer have to pay in-house personnel for accounts receivables management and collections. Other factoring benefits include:
- Professional accounts receivable management.
- Don't have to wait months for approval.
- A factoring agreement take just a few days.
- 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. Tampa 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.