AKRON FACTORING COMPANIES
Factoring Companies in Akron Provide Working Capital
Is your Ohio based business looking to grow your business but needs funding? Accounts receivable factoring is the solution for you!
What is Invoice Factoring?
Accounts receivables factoring, also known as invoice factoring, is a business-friendly alternative to traditional finance methods that can give your company fast access to money you need.
How Does Invoice Factoring Work?
- Your Akron company either gives us a call or fills out a form to get started with the factoring process.
- We pair your business with a factoring company in Ohio.
- The factoring company puts your business through an approval process.
- Once we partner you with one of the best factoring companies in Akron, your business will go through a brief approval process.
- Your business then submits invoices to the factoring company and they will advance you up to 95% on the account receivables.
- The customer pays the factor since the factor purchased your company’s unpaid invoices.
- The factor then releases the remaining money to you (the reserve), minus a small factoring fee.
Industries Across Akron
Staffing: Does your Akron staffing company need extra working capital? Make payroll using a cash advance from a factoring company in Ohio.
Manufacturing: Does your Akron manufacturing company have slow-paying clients? Count on a factoring company in Ohio to provide your business the funds it needs to continue its operation.
Trucking: Trucking companies across Ohio can get your freight business the funds to cover payroll for your drivers and fuel.
More Industries Served in Akron
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 many small businesses within the tourism industry to get companies the cash flow they need to expand their business, hire employees and make payroll.
Food production is a big industry in Ohio. Does your food production company need more money to grow? We’ve got you covered with invoice factoring.
There have been increased oil and gas drillings in Ohio. This is good news for the steel industry. If your steel manufacturing company could use the extra money for payroll, Ohio factoring companies can get you there.
Fund Your Akron Business Today
Invoice factoring is fast. Growing your Akron business can be as easy as 1-2-3. Let us help you expand your company and increase your company’s cash flow.
Why Choose Invoice Factoring?
- There is no debt to repay.
- Approval is based on the credit strength of your clients, not your business.
- Your Akron company can be funded in as fast as 24 hours.
- You have the flexibility to decide what invoices you will factor and when.
Located outside of Akron? We work with plenty of factoring companies in Ohio!