Receivables factoring in Nashville
Nashville is not only the “home of country music” but it’s also considered a southern boom-town with the third fastest growing economy in the United States. Top industries include healthcare, transportation and manufacturing.
Due to its network of accessible interstate highways and its centralized location, Nashville is a regional headquarters for the trucking industry. Nashville is one of the busiest transportation centers in the Mid-South. Several freight factoring companies are based in Tennessee.
More than just a line of credit
One of the most difficult parts of running a business is securing funding. Invoice factoring is similar to a bank line of credit but much easier to qualify. You also get the many benefits of receivables factoring that banks don’t offer like billing and collections, accounts receivables management and reporting. A Nashville factoring company pays you immediately for your invoices, so you don’t have to wait for your customers to pay.
Factoring companies can approve your factoring 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.