Invoice Factoring in California
Whether your business is in Los Angeles, San Francisco, San Diego, Sacramento, or anywhere else in the beautiful state of California, we can help you get the cash you need. Achieve growth and success by letting us match your business with the best California factoring company for your needs.
How does Invoice Factoring Work?
First, Factor Finders will match your business with a factoring company that specializes in your industry. Your invoice factoring company will buy your qualified, outstanding invoices, and give you the cash. Then, the factoring company will bill your customer for the total value of the invoices while you continue to do business as usual. When your customers pay the full amount, the balance of the discount is released to you, minus a small fee. Factoring is totally flexible, so you get to choose the invoices you wish to sell, as well as when you wish to sell them.
Benefits of Choosing a California Factoring Company
California invoice factoring is fast! After completing an application, approval to begin factoring is generally in 5 days or less. Because of strict banking regulations, traditional loans are difficult to obtain. The approval process is cumbersome and can take weeks or months. If the bank approves you, you may not get all the capital that you need. When you factor, you’ll receive up to 98% of your total requested funds, and cash disbursements are in 24 hours or less.
Also, unlike conventional loans, credit checks on your company aren’t necessary. Factoring companies are more concerned about the credit worthiness of your customers, since they’ll be the ones paying the invoices! If you’re looking to build or improve your credit, invoice factoring is a great option! Additionally, because factoring is not a loan, there will be no negatives on your balance sheet, or interest to re-pay. There are no hidden-fees and your account manager will guide you every step of the way.
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Factoring Companies For California Industries
At Factor Finders, we work with a network of California factoring companies that are knowledgeable, reliable, and experienced in a variety of industries. We learn about your company, and then pair you with an invoice factoring company that we know best suits your needs. Your invoice factoring company is fully capable of growing with your business and providing you with the support necessary to succeed!
We work with all industries in California, including: