MICHIGAN FACTORING COMPANIES
Factoring Companies in Michigan can Help Grow Your Business
Could your business use some extra capital to somehow grow your workspace, crew or project size? Look into invoice factoring with a Michigan company.
Advance receivables factoring, also known as invoice factoring, is the process of selling active invoices to factoring companies for a cash advance.
How do you Factor?
Factoring is easy. All your business has to do is reach out to us, either by phone or by online form. We’ll ask you about your company, and from there pair you with a factoring company in Michigan that fits your needs.
That factoring company will put your business through a quick approval process before you can submit your work invoices to them. Once your invoices are submitted, the factoring company contacts your business’ customers and verifies that the service was completed or the order was filled.
After the order is verified, the factoring company advances your business up to 95 percent of the account receivables and keeps the rest as a reserve. The factoring company releases the reserve to your business, minus a small factoring fee, once your customer pays the factoring company for the invoices.
Michigan Factors Serve a Variety of Industries
Advanced Manufacturing: Does your company work with one of Detroit’s famous auto retailers? Get the capital your business needs to fill large orders or purchase new equipment with a Michigan factoring company.
Agriculture: If your agriculture company needs capital to sustain business during one of your high-paying customers’ long pay periods, give us a call. We’ll match you with a factoring company in Michigan that can provide you with capital now, not in 30 to 90 days.
Tourism: Your tourism business can really take off with some extra capital to work with thanks to a Michigan factoring company.
Request a Quote
Request a quote from our extensive factoring company network.
More Industries Served in Michigan
We work within the medical industry to get companies the cash they need to grow their businesses. Let us help you find a factoring company who fits your needs.
Does your small business provide construction and need funding? We can help you find a factor to increase your cash flow.
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 to find you a factor with the lowest rates.
Better Your Business: Use a Michigan Factoring Company
What could extra capital do for your business? Why wait to find out? A Michigan factoring company is ready to buy your unpaid invoices!
Why Should My Business Work With a Michigan Factoring Company?
- It’s fast. Businesses can get funding as fast as 24 hours after they’re approved.
- It’s easy. All you have to do to start is contact us.
- It’s not debt. You don’t have to pay back a loan or put assets down as collateral.
- Approval isn’t based on your credit. Instead, it’s based on the credit strength of your business’ customers.
Outside of Detroit or Grand Rapids? Find a factoring company in your state.