Michigan
Factoring Companies
Detroit / Michigan Invoice Factoring
Whether your business is located in Detroit, Grand Rapids or Lansing, you'll get the cash flow improvement that only invoice factoring offers. Invoice factoring is an excellent alternative to bank financing for many small businesses. Approval and funding for factoring services is quick and easy. Factoring companies examine the reputation and creditworthiness of your customers and base approval on the strength of those customers. Traditional banks base their loan decisions on the credit history of your business. Many small businesses are denied bank financing due to a lack of credit history, even if the business is very profitable. If your customers pay on time, then you're likely to qualify for invoice factoring.
Just as there is no one size fits all financing, not all factoring companies provide the same services. Some factoring companies offer specialized factoring services to particular industries such as healthcare providers or construction contractors. Other factoring companies provide spot factoring services to businesses interested in a one-time factoring agreement. Regardless of your funding needs, growth in the Michigan economy has created factoring opportunities for businesses in all industries including construction, government, and manufacturing.
Invoice Financing
Is Quick & Easy
Choosing a Michigan
Factoring Company
Accounts Receivable Financing
Cash Flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Receivables Management
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers' credit scores and monitor credit limits to protect you from bad debt losses.
No Loans or Debt
Accounts receivable financing doesn't involve risky loans or debt and doesn't require you to make loan repayments.
Quick and Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of Mind
Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.
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Guide to Factoring Receivables
Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.
