Factoring Companies in Memphis

Is your business looking for funding for a big project? What about to cover payroll? We can get your business set up with a Memphis factoring company that can get you the funds you need for any business expense. We listen to what you are looking for in a factoring company and match you with the best factoring company in your niche.

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What is Invoice Factoring?

Invoice factoring is the process in which small businesses get advanced payments on their open invoices. Many times, businesses don’t get paid for 30-60 days. Invoice factoring provides funds on time so your business will never have to worry about paying bill late. Once we partner you with one of the best factoring companies in Memphis, your business will go through a brief approval process. Once your business is approved, you can begin sending them your open invoices. The Memphis factoring company will advance you up to 95% of your invoices and hold the rest in a reserve. Your customers will then pay for the invoices directly to the factoring company. Once the payment has been received, the reserve will be released to you minus a factoring fee.

Memphis, TN Industries

Is your business outside of Memphis? No problem. Regardless of if you are in Nashville, Knoxville, or any other city in in Tennessee, we can get your business the funding it needs.

Manufacturing: Auto part retailers make up of a large part of the Memphis economy. Does your manufacturing company need the funding to cover machine maintenance or payroll? We’ve got you covered.

Finance: Another strong industry in Memphis is finance and banking. Does your finance company need to widen its working capital? We can help get you there.

Technology: Your technology business can get the funds it needs to cover parts, payroll, and lab rent. What are you waiting for?

Growing Your Business in Memphis

Being a small business owner is no easy task. There are a lot of hoops to jump through just to get doors open and the hard work is never over. Once it’s opened, there is the work of getting your brand out there and trying to make sure that all of your customers’ needs are met. We want to make sure that your business never stops. We know that when money is needed for your business, you need it fast. That’s why we will get you partnered, approved and funded in just a few short days. That beats the timeline of a bank, right?

Home of the Blues Facts:

Elvis Presley started his career in Memphis at Sun Records.

Evis’ Graceland resides in Memphis.

Memphis is home to the National Civil Rights Museum.

Many call Memphis the Birthplace of Rock and Roll.

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Factoring Companies in Tennessee