New York Factoring Companies
New York Invoice Factoring
New York City is the center of the world but is only one part of the great state of New York. It is an extremely diverse state with businesses catering to that diversity and touching on every industry imaginable. Businesses in New York grow at a rapid pace and in order to meet that growth they turn to factoring. There are multiple New York factoring companies to choose from so finding the right one is crucial to your cash flow. However, it can be a time consuming and all encompassing task to navigate factoring companies that provide New York invoice financing.
That’s where we come in. We are aligned with New York factoring companies as well as throughout the country. If you want local, we will provide that. In addition, if you want industry specific, we can help with that. There are often many options for your business when it comes to New York factoring companies. Some cater to small businesses and some to large. Others will service most industries and some specialize in only one (like transportation and healthcare). On top of that some have minimum monthly requirements and some do not. Therefor, we will consult with you to make sure you get exactly what you need and what works best for you. Our goal is to help you streamline your decision while also looking at every angle. And the best part – we charge no fee to you. Ever!
Ready to Get Started?
Our network of factoring companies is ready to go. With no cost or commitment we can find the best factory company for your business.
Benefits of Invoice Factoring in New York
Factoring is a readily available solution to your cash flow crunch. Whether you’re waiting 30, 60, or even 90 days to get paid there is a New York factoring company for you. Check out some of these other benefits from the factoring companies we work with:
New York Factoring Company Case Study
We were approached by a NYC agency to assist a minority woman owned administrative start
up. They wanted her to understand how factoring works and how she could use it to grow her business. After receiving the details of her business, we explained how she could utilize factoring. During our initial phone call we learned she had won a contract with a Columbia University to provide administrative services. She was due to assign employees in 2 weeks.
There was concern about making payroll since the payment terms on the contract were net 60. We knew immediately factoring her invoices would help her to meet payroll while also growing the business. We connected her with a New York factoring company that we knew offered favorable rates. When she issued her very first invoice 3 weeks later, she factored it and met payroll. She was able to more provide staffing to the university which helped them meet their MWBE goals. She continues to grow her business, bidding on very lucrative contracts knowing her factoring company will work with her.