Michigan
Factoring Companies

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Sterling Commercial Credit is a family-owned and operated factoring company near Detroit that specializes in short-term commercial lending.
10559 Citation Dr, Brighton, MI
810-229-2601

Detroit / Michigan Invoice Factoring

Michigan factoring companies help businesses improve cash flow.
Michigan factoring companies help businesses improve cash flow.

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

1. Send your invoices to your factoring company.
2. Your factoring company buys your invoices and sends you 80% to 95% of the invoice amount within 24 to 48 hours.
3. Your factoring company collects the invoices from your customer and sends you the final payment.
Invoice financing is a quick and easy process.
Choosing a factoring company.

Choosing a Michigan
Factoring Company

Choose your factoring company by looking at factors such as industry, credit size, factoring rates, contract terms, location, and customer service.

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.

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.