Invoice factoring is an ideal solution for Houston businesses that don't qualify for traditional financing. You can get cash in as soon as 7 to 10 business days. The factoring company performs all the accounts receivable collections and credit services. You get to focus on the operations and strategic planning of your business. Not only does factoring services improve your cash flow, it also reduces your overhead costs. You no longer need in-house personnel for accounts receivables management and collections. Invoice factoring benefits include
- Debt-free cash flow.
- Quick and easy approval, often within a week.
- Initial funding as quickly as 7 to 10 business days.
- Professional accounts receivable management.
Houston is known as the energy capital of the world with over 5,000 energy companies. Houston is also one of the world's largest manufacturers of petrochemicals, including synthetic rubber, insecticides and fertilizers. Over 20 Fortune 500 firms are headquartered in the Houston metro area. Only New York City has more. Entrepreneurs are becoming more attracted to Houston as well. With so much small business and entrepreneurial activity, it's no surprise that factoring companies are filling the need for cash flow funding. Houston factoring companies are helping small businesses manage their cash flow. By eliminating your accounts receivable collection days, your business can run smoothly and grow.