Minneapolis / St. Paul Invoice Factoring
Minneapolis and St. Paul businesses turn to invoice factoring for improved cash flow. Minneapolis is the second largest economic center in the Midwest, with America's fifth largest number of Fortune 500 companies. The top manufactured products are computers and electronics, followed by machinery and transportation equipment. Minneapolis businesses often need more cash than they have on hand. Whether you're an established business or a start-up, factoring companies can turn your invoices into immediate cash to meet payroll and other expenses. Factoring services allow you to focus on delivering customer service and operating your business.
Top industries in Minneapolis include
Minneapolis factoring companies serve all commercial (B2B) industries including manufacturing, distribution, staffing, business services and trucking. Accounts receivable factoring is an attractive option to bank financing for small businesses. You can obtain invoice factoring in a matter of days rather than weeks or months. Approval is based more on your customers' credit than yours. Once approved, Minneapolis factoring companies buy your invoices and send you payment immediately. You don't have to wait 30 to 90 days to collect your receivables from your customers. The factoring company also handles collections and receivables management.
Accounts receivable factoring benefits include
- Approval within a day or two.
- Initial 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 factoring companies. Factoring Club is your best source of information to find the right Minneapolis factoring company.
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Accounts Receivable Financing
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.