Guide to Arizona Factoring Companies

Use an Arizona factoring company to boost your bottom line

By Rose Bricker

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Factoring companies in Arizona buy your accounts receivable and advance you a percentage of the money. You receive the balance when the customer pays the invoice minus a fee. If your business has grown so much that your accounts receivable are much larger than your cash on hand, now’s the time to look for an Arizona receivables factoring company that will buy your receivables. You’ll pocket much needed cash that you can then reinvest in your business.

You can also use an Arizona invoice factoring company if you want to expand your business. Rather than taking a loan and going into debt, sell your invoices to an AZ factoring company to help your business grow. You can use the cash you receive to buy more inventory, hire more people or upgrade your equipment.

If you run an Arizona-based business, consider the following when looking for Arizona receivables financing:

1. Check out local Arizona factoring companies.

2. Find an online factoring company to handle your Arizona receivables factoring.

3. Select a nationwide factoring company that has factoring companies in Arizona.

Action Steps
The best contacts and resources to help you get it done

Check local Arizona invoice factoring companies to receive the personal touch

Use local factoring companies. Arizona based companies will provide more personalized service for your Arizona invoice factoring business than national companies.

I recommend: Rexford Funding has account executives who have been in the finance business for more than 30 years. It is committed to bringing factoring to small businesses and they have an office in Phoenix, AZ. Catamount Funding Inc services all of Arizona from Phoenix to Tucson and has more than 50 years of finance business.

Look for reliable online factoring companies that can handle your Arizona A/R factoring

When looking at online factoring companies you need to look at its history and the ease of approval by the factoring company. Also, take into consideration the rates the company charges for handling your Arizona accounts receivable (A/R) financing.

I recommend: Alliance One has account executives who have been in the finance business for more than 30 years. It specializes in factoring to small and mid-size businesses. Crestmark Commercial Capital Lending, LLC has been in business since 1991 and provides factoring to every size business.

Find a national company that can handle your Arizona receivables financing

Even though local Arizona business factoring companies are likely to provide more personalized service, there are some excellent national companies that can handle your Arizona receivables financing.

I recommend: Commercial Capital LLC has representatives in every state and offers factoring to small and mid-size businesses. It has rates as low as 1.5% and advances as high as 90%. ONAN Commercial Lending is a division of ONAN Capital Holdings, Inc and provides financing to small and medium sized businesses nationwide.

Tips & Tactics
Helpful advice for making the most of this Guide

Getting a loan in Arizona is difficult for new businesses. Arizona factoring companies offer you an alternative since factoring is not a loan, and your customers' ability to pay is the basis of your approval.
Make sure you understand the terms of the factoring company in Arizona that you decide to engage. The amount of the advance on your accounts receivable can vary from 70% to 95%, and the fees vary from 1.5% to 3% of your receivables.

The official source of Arizona Factoring Companies is
the Arizona Factoring Companies page at Business.com

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