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Receivables factoring in Atlanta
Atlanta ranks fourth in the number of Fortune 500 companies headquartered within city boundaries, behind New York City, Houston, and Dallas. Atlanta is the second-fastest growing economy among U.S. metropolitan areas. With such opportunity for growth, small businesses often rely on Atlanta factoring companies for working capital funds.
Atlanta’s airport is the world’s busiest, helping make the city an attractive place to do business. Several major corporations are headquartered in Atlanta including Coca-Cola, Home Depot, UPS and Delta Airlines. Surrounding cities are home to Chick-fil-A, Equifax and RaceTrac Petroleum.
Atlanta factoring companies help your small business improve its cash flow as well as providing accounts receivable management and credit monitoring on your customers. Receivables financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. Atlanta factoring companies buy your invoices and send you cash within 24 hours.
Invoice factoring is similar to a bank line of credit except you get cash flow without going into debt and making loan payments. Small businesses depend on the constant flow of working capital.
Factoring companies can quickly approve your application within a few business days and fund your first invoices in 5 to 10 business days. You don’t have to wait months for a traditional bank loan.