MASSACHUSETTS FACTORING COMPANIES
Grow Your Business with Massachusetts Factoring Companies
If you’re a business owner in Massachusetts looking to grow or expand your company, look no further than invoice factoring.
Accounts receivable factoring, also known as invoice factoring, is the process of selling your business’ unpaid invoices to a factoring company for a cash advance.
How Does Invoice Factoring Work?
The simplest way to understand how invoice factoring works is by explaining the process in steps.
Step 1: You decide you want to grow your business using capital received from invoice factoring. You pick up the phone and give us a call or fill out an online form.
Step 2: You tell us about your business. We use that information to match your business with the Massachusetts factoring company that best fits your wants and needs.
Step 3: The factoring company we matched you with puts your business through a quick approval process. Once approved, your business starts submitting invoices for work completed or services performed.
Step 4: The factoring company contacts your business’ customer and verified the work was done or service was completed. The factoring company then advances your business up to 95 percent of the accounts receivable, keeping the rest as reserve.
Step 5: Your customer pays the factoring company on their normal payment terms. Once the factoring company is paid, they release the reserve to you minus a small factoring fee.
Massachusetts Factoring Companies for Your Industry
Financial Services: If you have a large office that could use some money for extra hires, let’s talk. Many Massachusetts factoring companies even offer payroll services and back office support.
Healthcare: Have a healthcare company? Need more money so you can expand your business? Consider working with a factoring company in Massachusetts.
Tourism: Ramp up your marketing efforts this year with the help of a Massachusetts factoring company.
Request a Quote
Request a quote from our extensive factoring company network.
More Industries Served in Massachusetts
Tell us what you’re looking for in a staffing factoring company and we’ll match you with someone who fits your needs.
Let us help get your trucking company the funds it needs to grow. We specialize in the trucking industry and will work with small business owners to find you a factor with the lowest rates.
Does your small business provide educational services and need funding fast? We can help you find a factor to increase your cash flow.
We work with the construction industry to get companies the cash flow they need to expand their business, hire more employees and make payroll.
Keep Cash Flow Consistent: Factor Your Invoices
If you want your business to be able to grow and expand, you have to have steady cash flow. However, depending on your industry, that can be difficult. Make it easier by working with a Massachusetts factoring company!
Why Work with a Massachusetts Factoring Company
Factoring Companies Near Me
Is your location outside of Worcester or Boston? No worries. We can help you find an accounts receivable factoring company from any location.