Receivables factoring in Orlando area
Orlando is known as “The City Beautiful” and the “Theme Park Capital of the World” because of Disney World and the area’s film and television industries. Universal Studios and Disney make the area a major center of entertainment. Greater Orlando has a population of more than 2 million people
The Orlando metropolitan area is a major industrial and hi-tech center. It’s home to the 7th-largest research park in the U.S. Large companies with regional offices in the area include Lockheed Martin, General Dynamics and Harris. Orlando is also home to Darden Restaurants.
Businesses in the Orlando area use invoice factoring to improve cash flow and maintain smooth operations. Since many businesses have a difficult time qualifying for bank financing, receivables factoring is an attractive alternative. Factoring companies fund your business based on the credit-worthiness of your customers, so you doesn’t necessarily need strong credit and a history of profits.
Accounts receivable financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect receivables from your customers. Your factoring company purchases your invoices, sends you cash, and collects your receivables. You can pay for supplies, payroll and other expenses as soon as you bill your customers.
AmeriFactors Financial Group and LSQ Funding are factoring companies in the Orlando area that serve most industries including manufacturing, trucking and business services. They can get your business approved and funded within a matter of days.