Newark / Jersey City Factoring
Businesses in Newark and Jersey City, New Jersey often find it difficult to qualify for traditional bank loans. Despite profitability, many small businesses don't meet banking requirements for a traditional loan or line of credit. Factoring companies have become a popular alternative because it's easy and quick. Approval for invoice factoring is based on the creditworthiness of your customers. This is ideal for new businesses and startups, as well as companies with lean earnings and quality customers.
Factoring is an easy way to improve cash flow. It's ideal for businesses in many different industries. Some factoring companies specialize in particular industries. For example, international factoring companies help businesses that sell goods overseas. Medical and healthcare factoring companies specialize in third party billing for doctors' offices or medical clinics.