Minneapolis Factoring Companies Grow Businesses
As a regional and global center of commerce, the City of Minneapolis is home to several Fortune 500 companies and satellites of leading international businesses. If you want your company to stay competitive in this thriving economic environment, consider a Minneapolis factoring company to put more working capital in your pocket.
Invoice Factoring Benefits Minneapolis Companies
Invoice factoring allows you to take control of your company’s cash flow by selling your open invoices to a factoring company. The factoring company will advance between 70 and 90 percent of the invoice amount within 24 hours of verification, holding the remainder in reserve. Then, when your customer pays the factoring company the full amount due you will receive the reserved amount minus a small factoring fee.
You can use the cash you receive from factoring your invoices to fund payroll, cover everyday expenses, or invest in your business growth – the possibilities are endless! Because there is no loan to repay, you can upgrade equipment and spend on marketing to new customers without worrying about your balance sheet.
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Factoring Solutions for Minneapolis Companies of All Sizes
In addition to fast cash, Minneapolis companies can significantly benefit from other key features of invoice factoring:
- Unlimited funding potential – As your sales grow, so does the amount of money you can receive through invoice factoring!
- No minimum or maximum amounts to fund
- Qualify with little or poor credit – Minneapolis factoring companies base their funding decisions on your customers’ credit and payment history, so you can get the funding you need even if your own financial history is less than pristine.
- Receive additional administrative support – Our Minnesota factoring partners offer background verification and collections support, so you can focus your time and energy on the areas of your business that need them the most.
The Best Alternative to a Bank Loan
As a regional and global center of commerce, the City of Minneapolis is home to several Fortune 500 companies and satellites of leading international businesses. If you want your company to stay competitive in this thriving economic environment, consider a Minnesota factoring company to put more working capital in your pocket.
Alternative financing with a Minneapolis factoring company can save you from waiting weeks or even months for approval on a conventional bank loan or line of credit, so you don’t have to push off your critical expenses for lack of cash. You can be approved for a competitive factoring program in as little as 3 to 5 business days with basic due diligence, even if you own a start-up or have gone through prior financial difficulties.
Ready to Find a Factoring Company in Minneapolis?
Give us a call, we will take care of the rest. 855-322-8671
A Minneapolis Factoring Company for Your Industry
Factor Finders has a wide network of invoice factoring partners that will customize the perfect factoring program for your company. Industries we serve include, but are not limited to: