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LOS ANGELES FACTORING COMPANIES
Grow Your Business: Use an LA Factor
Los Angeles is home to thousands of people… and thousands of businesses. How does a company stand out or grow when there are that many businesses around it? They use accounts receivable factoring.
What is Invoice Factoring?
Invoice factoring, also known as accounts receivable factoring, is the process of selling active invoices to a factoring company for a cash advance.
How Does Factoring Work?
Factoring is simple. To get started, fill out an online form or give us a call to speak with one of our factoring specialists.
From there, we use the information you’ve told us about your business to pair it with the best factoring company in Los Angeles that fits your needs. The factoring company then puts your business through a quick approval process.
Once approved, your company can start submitting invoices for work completed and orders filled. When you do that, the factoring company will call your customers and check that the services were done or goods were delivered.
Then, the factoring company gives your Los Angeles business a cash advance of up to 95 percent of the invoice amount, keeping the rest as a reserve.
When your business’ customers pay the factor, the factor will release the reserve to your company, minus a small factoring fee.
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What Industries Do Factoring Companies Work With?
Factoring companies—located in Los Angeles or otherwise—fund a variety of business in a plethora of industries.
Tourism: LA attracts more than 46 billion people a year. With numbers like that, there is an opportunity to make some money as a business owner. Let us help your business stand out by partnering you with an LA factoring company who can fund your marketing projects.
Small Business: Have a small business located in Los Angeles? We’ll get you in touch with a factor who can give your business capital so you can get an advantage on the competition.
Healthcare: Trust a Los Angeles factoring company to get your healthcare business through your customers’ long 30 to 90 day pay periods.
Not seeing your industry? Factoring companies work with all of these industries. Still confused? Talk to one of our factoring experts.
Work with A Los Angeles Factor: Get Cash Fast
Does your LA-based business need cash to market itself, hire new employees or pay for other expenses related to growth? Fill out a form and we’ll get you on the road to finding the perfect factor for your business.
Why Use a Los Angeles Factoring Company?
- Factoring isn’t debt. Your business has nothing to repay.
- Approval is based on the credit strength of your business’ customers.
- Your company decides what invoices you want to factor.
- You can receive funding in as fast as 24 hours.
Outside of LA? Find a factoring company in California.