Small businesses rely on Minneapolis factoring companies to get the cash needed for stability and growth. Minnesota's top industries are bio-science, manufacturing and wind. Medical device companies in Minnesota include Boston Scientific, Medtronic, and St. Jude Medical. The Mayo Clinic also helps lead the state in the area of bio-science. Minnesota’s top manufactured exports are computers and electronics, followed by machinery and transportation equipment.
Minnesota businesses often need more cash than they have on hand. Whether you're an established business or a start-up, Minnesota factoring companies can turn your invoices into immediate cash to meet payroll and other expenses. You don't have to wait 30 to 90 days to collect your receivables. Factoring companies also perform your credit, collections and receivables management.
Accounts receivable factoring benefits include
- Quick and easy approval, usually within a day or two.
- Initial cash funding within 5 to 10 days.
- No hassle with debt or loan repayments.
- You outsource your accounts receivables collections.
Businesses looking for accounts receivable factoring should research different factoring companies. Factoring Club is your best source of information to find your Minnesota factoring company.