NYC / Manhattan Factoring
New York City is a world leader in many industries such as commerce, finance, media, art, fashion, research, and technology. 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 NYC, as well as a large number of foreign corporations. Exports are a huge industry.
Invoice factoring is an attractive option to bank financing for small businesses. Rather than waiting weeks or months for a bank loan approval, you can obtain invoice factoring in a matter of days. Funding is available within 5 to 10 days. 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. Benefits of accounts receivable factoring include
- Quick and easy approval
- Funding within 5 to 10 business days
- No debt or loan repayments
- Outsource your accounts receivable collections
Businesses looking for accounts receivable factoring should research factoring companies. Factoring Club is the best source of information to find the right NY City factoring company.