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SOUTH DAKOTA FACTORING COMPANIES
Factoring Companies in South Dakota for Small Businesses
Running your own business can be hard but having access to working capital could make it much easier. Working with South Dakota factoring companies could give you the working capital you’ve been needing through invoice factoring.
What Is Invoice Factoring?
Invoice factoring or accounts receivable factoring is the process of selling active invoices to a factoring company for a cash advance.
Factoring in South Dakota
It’s fast. Your business can get funds through a factoring company in California in as fast as 24 hours.
It’s easy. Fill out a form or give us a call.
1: Based on the information you provide, we pair your business with the best South Dakota factoring company for your needs and wants. The business will put you through a quick approval process.
2: Once approved, your business submits invoices for completed work. The factoring company then contacts your customers and verifies the service was completed or the order was filled. After they verify, the factoring company will advance your business up to 95 percent of the accounts receivable, keeping the rest as reserve.
3: Your customer pays the factor on their normal payment terms. When the factor receives payment from the customer, they’ll release you the reserve minus a small factoring fee.
Any Industry in South Dakota
No matter what industry you are in, there’s a factoring company in South Dakota for you.
Tourism: With sites to see such as Mount Rushmore, it is no surprise that South Dakota has a large tourism industry. Let us help you expand your tourism business greatly through South Dakota factoring companies.
Manufacturing: Manufacturing accounts for a large portion of jobs in the state. If your business could use extra capital for new equipment, look no further than South Dakota factoring companies.
Mining: Construction sand, gravel, and stone are all mined in South Dakota. If your supply business has slow paying construction clients, we can get you the money you need.
Request a Quote
Request a quote from our extensive factoring company network.
More Industries Served in South Dakota
Transportation
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.
Technology
Tell us what you’re looking for in a technology factoring company and we’ll match you with someone who fits your needs.
Gaming
We work within the gaming industry to get small businesses the funds they need to grow. Let us help you increase your working capital today.
South Dakota Factoring: Great Faces, Great Places
If your business wants to soar, look no further. We know that running your own business is no easy task, but we want to make it easier. Give us the go ahead and we will partner you with the best South Dakota factoring company to help you grow and meet your goals.
What Are The Benefits of Factoring?
Factoring is fast. Companies can get funded in as fast as 24 hours of approval.
Factoring is easy. Getting started is as easy as filling out an online form.
Factoring is not debt. You don’t have to worry about paying back a loan or putting assets down as collateral.
Are you located outside of South Dakota?
We have a nationwide network of factoring companies that can get your business funded, regardless of where you’re located.