Receivables factoring in Washington State
Washington state is the fourth largest export state in the United States, after New York, California, and Texas. Washington factoring companies provide cash flow for small businesses. As an alternative to bank financing, invoice factoring is appropriate for businesses in many industries including healthcare, logistics, trucking, and technology.
Working with a factoring company will help your small business improve its cash flow. You’ll get cash flow, receivables management, credit services and a financial partner to help your business.
Accounts receivable factoring improves 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 for supplies, payroll and other operating expenses.
Rather than sinking into debt and making loan payments, you can use invoice factoring for a constant flow of working capital based on your revenues. It works much like a traditional bank line of credit.
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.