Cleveland Factoring Company
Invoice Factoring for Cleveland Companies
Factor Finders offers clients access to the best Cleveland factoring companies for their business needs. Businesses that are currently looking for the best Ohio factoring company need not look further. Our invoice factoring services allow us to identify the top factors for your cash flow needs. Factor Finders works with a nationwide network of factoring companies in Ohio and throughout the U.S. This ensures we can match your business with the right factor for your objectives.
Better Than a Bank Loan
Here are a few key reasons why businesses in the Buckeye State prefer Factor Finder over the banks:
- Clients enjoy some of the lowest rates in the industry
- New clients receive funds within three to five business days
- Clients receive cash for invoices within 24 hours
- Our clients get cash without adding debt to the balance sheet
- Flexible factoring programs are open to all – including spot factoring and non-recourse factoring
- No minimum invoice volumes are required
Ready to Get Started?
Fill out the form below and one of our factoring experts will help you on your way!
A Rockin’ Financial Solution For Your Business
Cleveland factoring companies help businesses increase cash flow by purchasing unpaid invoices at a discount in exchange for working capital.
Unlike bank loans, invoice factoring is quick. Your company can be approved today and receive cash for invoices within three to five days. After your first funding, you’ll receive cash for invoices within 24 hours. Factoring companies in Cleveland, OH and throughout the U.S. are flexible and can adjust to your needs as your business evolves. There’s no limit to the amount of funding you can receive.
Why Do Ohio Businesses Choose Factor Finders?
Our staff takes pride in finding the right Cleveland factoring company for each of our clients. Factoring invoices is one of the most effective ways for Cleveland businesses to generate more cash without having to worry about loans or risking significant assets. Invoice factoring has quickly become a favorite among businesses searching for smart funding solutions. Whether you’re seeking a factoring company in Columbus, Cleveland, Akron, Cincinnati or elsewhere in the Buckeye State, count on Factor Finders to get you funded!
The Cleveland factoring companies that we work with can offer your business a wide array of benefits.
Firstly, invoice factoring gives your enterprise ample opportunity for expansion, seeing as they expedite the collection process on your completed transactions. No longer do you have to wait for your clients to pay. You can move on to the next order of business immediately. Secondly, Ohio factoring companies offer you a debt-free way to obtain the working capital that your business needs to be successful. Factoring companies buy outstanding invoices; they aren’t lending or advancing you money that you have to re-pay. Finally, Ohio factoring companies can also take on any additional administrative support that your company may need. Collections, invoicing management, reports — you name it — our factoring partners are here to help. Services are flexible and customizable to whatever works best for your business. We want to take care of the little things, so you can worry about the big things!
How to Get Started with Factoring
Qualifying for Invoice Factoring
You can be approved for an Ohio factoring program in as little as 3 to 5 business days with a minimum amount of paperwork and an abbreviated underwriting process. Fill out the factoring application and submit the following:
- Copies of invoices you wish to factor
- Current list of customers
- Articles of Incorporation
- Invoice aging report
You can qualify for factoring in the Cleveland area even if you have poor or little business credit or have had other financial problems in the past. Invoice factoring relies mostly on the credit of your debtor, not your personal or other financial road bumps.
The Factoring Process for Ohio Businesses
It has never been easier to begin a factoring relationship, and once your account is established the process is streamlined for convenience. There are four simple steps to factor your open invoices. In order to qualify for funding, invoices must be payable by another business that the factor has approved, for work already completed, and unpledged to a third-party entity (for example, not used as collateral for a third party loan).
- Send your invoices to the invoice factoring company by fax or email
- The factor will verify your invoices and advance you between 70 and 95% of the invoice within 24-hours
- You can operate your business as usual while your factor works with your debtor to collect the invoice amount
- When the invoice is paid, the factor will remit the remainder of the balance to you, minus a small fee for factoring
Ready to Find a Factoring Company in Cleveland?
Factor Finders is ready to help. Give us a call: (216) 616-7881
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Cleveland Factoring Benefits
Easy Application
Invoice factoring offers a simple, comprehensible application process. Using a streamlined underwriting process, you can qualify for invoice factoring with much less paperwork than a traditional loan. To get started, simply submit a current customer list, invoices you wish to factor, and your company’s Articles of Incorporation with a very brief factoring application.
No Credit Check Needed
Because the factoring process relies on your customer’s ability to repay their invoices within a specified time frame, your own company’s credit history is practically irrelevant! Once your North Carolina factoring company verifies your customer’s creditworthiness, you will begin to receive your funding.
Lowest Rates in the Industry
North Carolina factoring companies partner with us at Factor Finders to offer the lowest rates across all industries, some even as low as 1.59% for every 30 days an invoice is open. The specific rates your company receives, however, will depend on your sales volume and customer history.
Quick Turnaround Time
When you apply to work with a North Carolina factoring company, they can get you the capital you need in 3 to 5 business days. You no longer have to wait 30, 60, or even 90 days for a bank to approve your account and send you the funds you need.
Cash in 24 Hours
With invoice factoring, your factor will initiate cash advances within 24 hours of invoice verification. You can factor as many invoices as you need, as often as necessary in order to maintain a cash flow for your business.
No Long-Term Contracts
We know that your business’s needs are constantly changing, so we make sure that you have the freedom to factor when you need, as much as you need, and only for as long as you need.
Cleveland Factoring Industries
Businesses in and around Cleveland, OH often find they need extra capital to cover expenses during periods of rapid and unexpected growth. Working with Factor Finders guarantees your business will be matched with the best factoring company in Ohio or throughout the U.S. to fulfill your funding needs.
- Agriculture
- Manufacturing
- Healthcare
- Import/Export
- Trucking
- Government Contracts
- Construction
- Temporary Staffing
- Additional Industries
Discover why so many businesses are turning to Factor Finders for invoice factoring. Local businesses interested in benefiting from our network of Cleveland factoring companies, or any across the nation, can get a free online quote today.
Ohio Invoice Factoring
Don’t see your industry listed? Don’t worry — we can accommodate nearly any industry.