Minnesota
Factoring Companies
Minnesota Invoice Factoring
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.
Invoice Financing
Is Quick & Easy
Choosing a Minnesota
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.
