New York City Factoring
Receivables factoring in New York City
New York City is a world leader in many industries including commerce, finance, fashion and technology. Exports are a huge industry. Because of Wall Street, New York City may be the most economically powerful city and leading financial center of the world. Many Fortune 500 corporations are headquartered in New York, as well as a large number of foreign corporations. All kinds of consumer goods, commodities and raw materials are exported and imported by NYC companies.
NYC invoice factoring
Factoring companies in New York City provide factoring services to most commercial industries including staffing agencies, freight and trucking companies, construction contractors and international trade.
Factoring companies buy your invoices and send you immediate payment. You don’t have to wait to collect your receivables from your customers. The factoring company also handles collections and receivables management.
Invoice factoring is an attractive option to bank financing for small businesses. Rather than sinking into debt and making loan payments, invoice factoring provides a steady stream of cash flow as you need it.
Rather than waiting weeks or months for a bank loan approval, you can obtain invoice factoring in a matter of days. Many businesses can get the initial funding is available within 5 to 10 days.