The state of Kansas is home to major company headquarters including Sprint, Embarq, YRC Worldwide and Koch Industries. Kansas also has several manufacturing facilities for aerospace companies Spirit, Learjet and Textron Aviation. In addition to its large grain production, Kansas is the nation’s eighth ranked producer of oil and gas.
A factoring company buys your invoices for immediate cash, then performs the collection of those invoices. As a result, your cash flow improves because you don’t wait 30, 60, or 90 days to collect your invoices from your customers. You can quickly put the cash into your operations.
Accounts receivable factoring is an ideal alternative for small businesses that need financing but aren’t ready for bank financing. It’s also a better cash flow solution than an expensive merchant cash advance. You get to enjoy the benefits similar to a working line of credit.
Commercial businesses in and around Kansas’ largest cities can benefit greatly from invoice factoring. Industries that do particularly well are staffing agencies, service businesses, and manufacturers.
A factoring company can approve your factoring application within several business days and provide your first funding within 5 to 10 days. Your business can keep moving forward as you fund new or existing sales.
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