Receivables factoring in Maryland
Maryland’s strongest economic sectors are manufacturing, government and business services. The Port of Baltimore is a major transportation center that imports large supplies of raw materials and commodities for manufacturers throughout the Northeast and Midwest. Small businesses in the area benefit greatly from invoice factoring services.
Accounts receivable factoring improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You can get cash as quickly as 5 to 10 business days.
Line of credit
Receivables factoring is an ideal solution if you can’t qualify for traditional financing. Rather than sinking into debt and making loan payments, invoice factoring provides a constant flow of working capital.
Maryland factoring companies help government contractors in the Washington, DC area. You’ll get cash flow, receivables management, credit services and a business partner to help you with your government contracts.
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.