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Receivables factoring in Louisiana
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. Louisiana is home to large oil and natural gas reserves, both onshore and offshore.
Invoice factoring provides necessary cash to fund business operations and growth. Instead of waiting 30 to 60 days to collect your accounts receivable, your business can get immediate cash from a Louisiana factoring company.
A reputable factoring company can help a small business grow and sustain it’s cash flow throughout the life cycle of the business. Startups and small businesses rely on the working capital from receivables factoring.
New Orleans / Baton Rouge
Louisiana factoring companies help foster small business growth in cities like New Orleans and Baton Rouge. With so many small businesses, invoice factoring is a good alternative to traditional bank financing.
Factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.