Factoring Companies in Rhode Island
Rhode Island accounts receivables factoring is one of the top alternative funding structures in the Ocean State. Factor Finders works with a network of Rhode Island factoring companies that have the ability to build and expand your business based on aspects that are actually a part of the business rather than an arbitrary credit score.
Invoice factoring is a unique funding concept that allows a company to take an advance based on the value of their outstanding accounts receivables. There is no loan to repay and no debt to add to the balance sheet. Invoice factoring also gives the business the ability to invest future earnings in the present, creating more time for that investment to grow.
Why Choose Factor Finders?
Factor Finders can help your business find a factoring company in Rhode Island that will meet your unique financial needs. The best offers from reputable Rhode Island factoring companies are aggregated into one
place–Factor Finders–so business owners can spend their time doing what they do best – manage their business.
How Does Invoice Factoring Work?
First, Factor Finders will match you with one of our funding partners. Your account manager will send you an application that generally takes 3-5 days to process. Once you’re approved, you can begin to submit invoices!
Your factoring company will verify the invoices. Then, they will advance you between 80-95% of the invoice amount within 24 hours.
When your debtor pays the invoice factoring company for the invoice, the factoring company will release the balance back to you, minus a small factoring fee. That’s it!
Factoring Companies for All Rhode Island Industries
Our extensive network of Rhode Island factoring companies allows us to work companies of all sizes in multiple industries.