New Orleans / Baton Rouge
Louisiana is one of the most friendly states for small businesses. With the Mississippi River running between New Orleans and Baton Rouge, the port of South Louisiana is the fourth largest shipping port in the world and the largest in the United States. Petroleum and natural gas dominate the Louisiana economy, as Louisiana is home too large oil and natural gas reserves, both onshore and offshore.
Louisiana is consistently ranked in the top 10 most business-friendly states in the U.S. due to the state government and regulatory environment. With so many small businesses, Louisiana factoring companies offer accounts receivable financing as a good alternative to traditional bank financing. Factoring companies in Louisiana help foster small business growth throughout the state in cities like New Orleans, Baton Rouge and Shreveport. When a small business isn't able to get bank lending, it can easily and quickly find a cash flow solution with invoice factoring.
A reputable Louisiana factoring company can help a small business grow and sustain it's cash flow throughout the life cycle of the business. Startups and early-stage businesses find receivables factoring especially attractive when other sources of financing aren't available. Even more established businesses can take advantage of invoice factoring which provides necessary cash to fund operations and growth. Instead of waiting 30 to 60 days to collect accounts receivable, a business can get immediate cash from a factoring company. Other factoring benefits include receivables management, credit services, and helpful business professionals.