Kansas City / St. Louis Factoring
Kansas City and St. Louis businesses can improve cash flow with invoice factoring. Factoring can help small businesses that lack a credit history. Banks typically rely on 2 to 3 years of credit history, but factoring companies rely on the creditworthiness of your customers. If you deal with reputable companies, then you're a good candidate for invoice factoring. In addition, accounts receivable financing is quick and easy. Approval and funding can take place within a matter of days, not weeks or months.
Invoice factoring or accounts receivable factoring is a process in which a factoring company buys your fresh invoices and immediately sends you cash. You don't have to wait 30 to 90 days for receivable collections. The factoring company collects your invoices and handles your accounts receivables. Your business gets immediate cash without taking on debt.