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Receivables factoring in the Tampa Bay Area
The Tampa Bay Area ranks second in the state of Florida behind Miami in terms of cruise ship travel. Tampa’s port is the seventh largest in the nation. It’s Florida’s largest port in terms of cargo tonnage, handling nearly half of all seaborne commerce that passes through the state.
Accounts receivable financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay for supplies, payroll and other operating expenses.
Small businesses often can’t qualify for traditional bank financing. However, If your business is profitable and has good customers, then you’re a candidate for accounts receivable factoring.
Working with a factoring company will help your business improve its cash flow. You also get cash flow, receivables management, credit services and a business partner.
Many 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 quick and easy.
United Capital Funding has been providing invoice factoring services to the St. Petersburg-Tampa Bay area since 1997.
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