New York Invoice Factoring Companies
New York invoice factoring is the small business solution you’ve been searching for. Whether your business has been experiencing fast growth, you’re looking for start-up funding, or your business has hit a rough patch, New York factoring companies can help businesses in need of working capital. We understand that traditional bank loans are difficult — if not impossible — to get. Working with NY factoring companies provides alternative solutions to businesses that need funding.
Invoice Factoring Can Help Solve the Following Small Business Roadblocks:
- Start-up businesses in need of working capital
- Seasonal highs and lows
- Slow-paying debtors
- Companies that have poor credit, or lack credit all together
- Entities experiencing fast growth or expansion
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How Does Factoring Work?
Having outstanding invoices can paralyze a company. It’s essential that your small business have fluid and available capital to avoid missing payday for your employees, or slowing down potential growth. Factor Finders will match your business to a New York factoring company that will buy your qualified invoices at a discounted rate and advance you up to 98% of the total amount. After a simple application process, approval to begin factoring happens fast — usually within 3 to 5 business days. There are no hidden fees or loans to repay and your factoring funding will grow with your business. The factoring company will deposit the money into your account within 24 hours, and once your client pays in full, the balance is forwarded to you minus a small factoring fee.
Factoring Companies in NY Work With a Variety of Industries:
- Clothing and Textile
- Consumer and Retail Installment Contracts
- Contractors and Construction
- Government Contracts
- Healthcare Providers
- Manufacturers and Distributors
- Medical/Healthcare Staffing Agencies
- Temporary Staffing Firms
- Trucking and Transportation Companies
Don’t see your industry listed? No worries! Call us to find a New York factoring agency that serves your business!
Invoice Factoring Can Help Your Business Grow
New York factoring is easy and offers you the ability to regain complete control of your business by not having to wait months for repayment from your customers. Unlike a conventional lender, no collateral is necessary and invoice factoring is based on your clients’ creditworthiness. We pair your company with an invoice factoring specialist that we feel would best suit your business. We set you up with an account executive, who guides you every step of the way. Whether your business is in New York City, Buffalo, Rochester, or any place in between, Factor Finders can help you get the funding you need.