Factoring Companies in Rhode Island for Small Business Growth

Does your small Rhode Island business need funding to grow but you’re unsure on where to get funding? Consider 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. Perfect for your immediate cash needs.

Start Invoice Factoring Today:

1– Tell us about your business by either filling out a form or giving us a call.

2– Using the information you’ve provided, we’ll match your business with a factoring company in Rhode Island that best fits.

3– The factoring company puts your business through a quick approval process.

4– Your business submits invoices for completed work to the factoring company.

5– The factoring company contacts your customer and verifies the service was completed or order was filled.

6– Your business receives up to 95 percent of the accounts receivables as a cash advance from the factoring company. The rest is kept as the reserve.

7– Your customer pays the factoring company on their normal payment terms.

8– The factoring company releases the reserve to you, minus a small factoring fee.

Industries Served in Rhode Island:

No matter your field of expertise, we can find a factoring company in Rhode Island to work with you.

healthcare factoring

Healthcare: If your healthcare staffing company is overwhelmed, factoring companies in Rhode Island can provide your business with the funds to hire more recruiters and can even offer back office support.

tourism factoring

Tourism: It may be the smallest state, but there are plenty of fun things to do with the ocean near. If your tourism business is wanting to expand, we can get you the factoring services you need in order to do so.

manufacturing factoring

Manufacturing: Manufacturing is an industry that always need new parts and equipment. To keep your machines running, you could benefit from extra capital. Rhode Island factoring companies can help.

Request a Quote

Request a quote from our extensive factoring company network.

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Rhode Island Factoring: Get Ahead

Rhode Island may be the smallest state in the country, but that doesn’t mean your business can’t grow larger. Invoice factoring in Rhode Island presents endless possibilities for your small business. We work hard for small businesses like yours to become larger than life. There are no limits to your business’ success.

Why Use a Rhode Island Factoring Company?

  • It’s fast. Once approved, your business can receive funding in as little as 24 hours.
  • It’s easy. All you have to do to get started is tell us about your business by filling out this online form or giving us a call.
  • It’s not a loan. You don’t have to put assets down as collateral and don’t have a debt to repay.

Factoring Companies Near Me

Is your business outside of Rhode Island? No problem.  We can find a factoring company in our national network that will fit your needs.