Receivables factoring in Austin
Austin is commonly referred to as “Silicon Hills” because it has produced more growth in technology jobs than any other major U.S. city during the past decade. Austin has several economic factors that create a fertile environment for tech start-ups including cheap real estate and a steady supply of college graduates.
With so much small business growth in the Austin area, it’s no surprise that invoice factoring is thriving as well. The city of Austin, as well as other major cities across the state of Texas, has a number of excellent factoring companies to service small businesses and entrepreneurs.
Don’t wait to get paid for your invoices
Invoice 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 your suppliers, employees and other expenses.
Rather than sinking into debt and making loan payments, accounts receivable factoring is similar to a bank line of credit. You also enjoy the many benefits of invoice factoring that banks don’t offer.
Austin factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 business days, making receivables factoring quick and easy.