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Factoring Companies in Rochester Strengthen Cash Flow
Does your small business struggle with slow-paying clients every month? This can put a damper on your business’ success and put a hold on growth. Factoring companies in Rochester can get your business the funds it needs to grow and keep your clientele happy. Factoring companies provide small businesses with advanced payments on their open receivables. Your clients will be able to keep their same payment terms, and the factor will take over the waiting period of payment.
The Factoring Process
Invoice factoring is a simple process. Once we partner you with one of the best factoring companies in Rochester, your business will go through an approval process. Once approved, you send your invoices to the factoring company. The factoring company will the advance your business up to 95% of the invoices and hold the rest in a reserve. Once your customers pay the invoice amount to the factoring company, the reserve will be released to you minus a factoring fee.
Industries in Rochester, NY
Is your business outside of Rochester? We can get your business the funds it needs no matter if you’re in Syracuse, Binghamton, or any other city on New York.
Manufacturing: Manufacturing companies across Rochester can get the funds they need for any type of business expense.
Telecommunications: Telecommunications businesses can get the funds they need to cover payroll or other important business expenses.
Government: Government contracts play an important role in the Rochester economy. We can get your contractor business the funds it needs to cover expenses while you wait to get paid by your clients.
What to do Now?
Why wait any longer? Give us a call or fill out a form to get started. We will assess your business and let you know which factoring company is the best fit for your business. We have relationships with factoring companies all across the United States. We will match you with one that matches your industry and business type. Invoice factoring may not be a right fit for your business but we have other options such as small business loans, PO financing, merchant cash advances, and more.
Flour City Facts:
America’s first “gold tooth” was developed and used by Rochester dentist Dr. J.B. Beers in 1843.
Rochester got ranked the “most livable city” in America by the Places Rated Almanac.
Rochester is known as the “Flour City” due to the large number of flour mills on the Genesee.