Factoring Companies for Small Businesses
Featured factoring companies
Small business factoring
Businesses need cash during early stage or growth stage life cycles. Fortunately, invoice factoring solves cash flow problems and provides many other benefits for small businesses. Bank financing is difficult if not impossible for young growing businesses as you need a history of profits and solid credit. Factoring companies rely on your customers.
You get cash up-front for your invoices so you don’t have to wait 30 to 60 days or more for your customer payments. You can pay for supplies, payroll and other operating expenses.
Small business factoring companies focus on your business needs help you during a high growth life-cycle stage. You can grow your business without suffering cash flow problems.
Small business factoring rates are usually in the range of 3% to 5%, but small business owners find the service worth the cost because you don’t need to hire accounting or clerical staff to manage accounts receivables.
Factoring companies can approve your application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.
Invoice factoring is easy as 1-2-3
Accounts receivable financing
Cash flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers’ credit scores and monitor credit limits to protect you from bad debt losses.
No Loans Or debt
Accounts receivable financing doesn’t involve risky loans or debt and doesn’t require you to make loan repayments.
Quick And Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of mind
Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.