The Heart of New England
As the largest city in New England, it has become the unofficial capital of the area. There is so much potential for up and coming small businesses. We can get your business the funds it needs to grow and the ability to take on more customers. We will listen to what it is that you are for in a Boston factoring company and meticulously match you with the best fit for your business. Our funding partners are skilled in various industries and know the ins and outs of how business get and stay successful. Let us be the reason that your business explodes this year! Just don’t forget us little people while your climb your success ladder!
Why is Invoice Factoring Faster and Easier Than a Bank Loan?
Invoice factoring speeds up your cash flow, making it a more efficient alternative to traditional bank loans. When you factor invoices, you sell your unpaid invoices to a Boston factoring company. This allows you to receive a significant portion of the invoice amount—usually around 95%—within 24 hours after an initial approval period of just three days.
Compare this to bank loans, which often involve a lengthy approval process, mountains of paperwork, and stringent credit checks. Banks might take weeks, if not months, to disburse funds, which can stall your business operations.
Here’s why invoice factoring is the better option:
- Quick Approval: Factoring companies typically approve your application in just a few days.
- Immediate Cash Flow: Once approved, you get a large portion of your invoice value within 24 hours.
- Less Red Tape: Minimal documentation makes the process straightforward, eliminating the need for extensive financial history, unlike banks.
- No Debt Incurred: Invoice factoring isn’t a loan. You’re selling an asset (your invoices), so there’s no debt on your balance sheet.
In addition, the Boston factoring company takes over the responsibility of collecting payments from your clients, freeing you up to focus on growing your business. Once the client pays the invoice in full, the factoring company sends you the remaining amount, minus a small service fee.
Beantown Facts:
The first lighthouse in America was built in Boston in 1716.
Boston holds the oldest public park in the United States—Boston Common.
Unbelievably, Happy Hours are banned in Boston and have been since in 1984.
“Fenway Green” is an actual patented color by the Fenway Park.
