Richmond / Norfolk Factoring
Richmond and Norfolk businesses use invoice factoring in many industries including software, communications, consulting, defense contracting, and a large professional government sector (since Virginia is located in the vicinity of Washington DC). Seven Fortune 500 companies are headquartered in Northern Virginia, and nine in the Richmond area. Virginia is considered one of the top states for business due to economic growth, business costs, incentives and quality of life. With so much business activity, Virginia is ripe for invoice factoring.
Accounts receivable factoring is an ideal solution if you can't qualify for traditional financing. You can get cash in as soon as 5 to 10 business days. Not only does factoring services solve cash flow problems, but it also reduces your overhead costs. You no longer need to in-house personnel for receivables management and collections.
Benefits of invoice factoring include
- Tomorrow's cash is available today.
- Reliable and steady cash flow.
- Immediate cash to pay suppliers and employees.
- No debt or loan payments.
Businesses looking for accounts receivable factoring should research factoring companies. Factoring Club is the best source of information to find the right factoring company.
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Accounts Receivable Financing
Guide to Factoring Receivables
Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.