Receivables factoring in the Phoenix area
Metro Phoenix, also know as the “Valley of the Sun”, is the fifth fastest growing economic center in the U.S. The Phoenix area is the 16th largest economy and the 11th largest population with 5 million people. Since 2000, the population has grown 1.4 million, making Arizona the second fastest growing state in the country.
The largest industries are manufacturing, technology and business services. Several Fortune 500 companies have headquarters in the region, including Avnet, PetSmart and ON Semiconductor. Other large companies with a big presence in the Phoenix area include American Airlines, Boeing, and Intel.
Phoenix area businesses turn to invoice factoring as a quick and easy source of financing when traditional bank financing isn’t available. Receivables factoring turns your invoices into cash as soon as you’ve billed your customer. Your factoring company buys your invoices, advances you cash, and handles your collections.
FSW Funding is a factoring company in Phoenix that’s been providing factoring services for most industries since 2001. Phoenix Capital is a freight factoring company located in Scottsdale that’s also been around since 2001. Both of these factoring companies can get you funded within 1 to 2 weeks.