Receivables factoring in El Paso
El Paso is a thriving city located on the border of Texas and Mexico. More than 70 Fortune 500 companies have offices in El Paso, including Dish Network, Raytheon, AT&T and Verizon. Hispanic Business Magazine lists 28 El Paso companies in the 500 largest Hispanic owned businesses in the country. The trucking industry is big due to the traffic of goods leaving and entering the United States at this border town.
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. Trucking companies can send their freight bills to a local freight factoring company and get paid immediately.
Factoring companies in Texas can usually 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.