TENNESSEE FACTORING COMPANIES
Use Tennessee Factoring Companies to Grow
If you’re a business owner, you know it can be difficult to grow your business with the capital you currently have. You have to pay the bills, keep up your workspace and pay your employees – how can you afford to upgrade equipment, take on a new large project or redo your company’s exterior?
You use invoice factoring.
Accounts receivable factoring, also known as invoice factoring, is the process of selling your business’ active invoices to a factoring company for a cash advance.
How Does my Business Start Factoring?
All you have to do to start factoring is either give us a call or fill out an online form. We are basically factoring matchmakers—we’ll figure out your business’ wants and needs, then pair you with a factoring company in Tennessee that meets them.
Once you get matched with a factoring company, they’ll put your business through a quick approval process. After your company is approved, you’ll be able to submit invoices for completed work to the factoring company.
The factoring company then contacts your customers and verifies that the order was filled or service was completed. After being verified, the factoring company will advance up to 95 percent of the account receivables, keeping the rest as reserve.
Your customer then pays the factor on their normal payment terms. Once paid, the factoring company releases the rest of the reserve to you, minus a small factoring fee.
Industries Tennessee Factoring Companies Fund
Whether your business is in tourism, trucking or anywhere in between, a factoring company in Tennessee can get you funded.
Automotive: If your car parts shop has slow paying repair shop clients, we can match you with a Tennessee factoring company who can get you the money you need to make it through long pay-periods.
Tourism: Tourism is a big industry in Tennessee thanks to big music areas such as Nashville. If your tourism business is booming, but you could use some extra money for marketing, look no further than Tennessee factoring companies.
Healthcare: Does your healthcare company need extra capital to expand? Look no further than a Tennessee factoring company.
Request a Quote
Request a quote from our extensive factoring company network.
More Industries Served in Tennessee
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.
Does your small business provide educational services and need funding fast? We can help you find a factor to increase your cash flow.
Tell us what your looking for in a technology factoring company and we’ll match you with a factor who fits your needs.
Why Work With a Tennessee Factoring Company?
It’s easy. All your business has to do to get started is either give us a call or fill out an online form. We’ll take it from there.
It’s not debt. Factoring isn’t debt. You don’t have to worry about putting assets down as collateral or paying back a loan.
It’s fast. Once your business is approved, you can get funded in as little as 24 hours. Plus, your approval is based on the credit of your clients, not the credit of you or your business.
Interested? Fill out a form. Have questions? Check out our FAQ or talk with one of our factoring specialists.
Factoring Companies Near Me
Is your business outside of Memphis? No problem. Regardless of if you are in Nashville, Knoxville, or any other city in Tennessee, we can get your business the funding it needs.
Not in Tennessee? That’s okay too. We have a nationwide network of factoring companies waiting to get your business funded.