Home > Money and Finance > Business Financing > Florida Factoring Companies


Rose Bricker

Guide to Florida Factoring Companies

Use factoring companies in Florida to boost your bottom line


Extremely
Useful
8.0
out of 10

Add Your Comments
 
 
Email Guide to Florida Factoring Companies to a friend
Save the Guide to Florida Factoring Companies to My Work.com Favorites
Print the Guide to Florida Factoring Companies
link to this page
Save to del.icio.us
digg it!


Factoring companies in Florida 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 factoring companies. Florida receivables factoring companies will buy your receivables and you’ll pocket much needed cash that you can then reinvest in your business.

You can also use factoring in Florida if you want to expand your business. Rather than taking a loan and going into debt, sell your invoices to a Florida 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 a Florida-based business, consider the following when looking for Florida factoring companies:

1. Check out local Florida factoring companies.

2. Find an online factoring company to handle your Florida business factoring.

3. Select a nationwide factoring company that has a factoring company in Florida.


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

Check local factoring services in Florida to receive the personal touch


Use local factoring companies. Florida based companies will provide more personalized service for your Florida invoice factoring business than national companies. Companies factoring in Florida include full service factoring companies, which are companies that handle all your accounting needs.

I recommend: J&D Financial Corporation is a small Florida-based factoring company that has been in business for more than 30 years. It is located in North Miami, FL and is a full service factoring company. Riviera Finance is located in Tampa, FL and guarantees 24-hour funding.

Look for reliable online factoring companies that can handle your factoring Florida business


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

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. 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 Florida business factoring


Even though local factoring companies in Florida are likely to provide more personalized service, there are some excellent national companies that can handle factoring Florida businesses.

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 Florida is difficult for new businesses. Factoring companies in Florida 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 Florida factoring company that you decide to engage. The amount of the advance on your accounts receivable can vary from 70% to 97%, and the fees vary from 1% to 3% of your receivables.

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

Featured Vendors

Compare Florida factoring companies-Free Price Quotes
Rival Florida factoring companies Compete for Your Invoice Factoring Needs With 1 Easy Form. Submit a Request Now & Save Today!
www.ProposalPortal.com/Factoring

Florida Factoring Companies
Gulf Coast based financial solutions company providing factoring and purchase order financing. Attractive advances. Free proposal.
www.trinityrealsolutions.com

Factoring - 1%
Free E-Book - The 10 Golden Rules for Getting Enough Business Capital. 2-Hour Funding, 2-Minute Answers. Call today.
UniversalFunding.com

Accounts Receivable Factoring
Working Capital & Lines of Credit. Competitive Rates. Great Service. Prompt, Professional & Reliable.
www.FirstCapital.com

Business.com's What Works for Business Contest: Win up to $10,000 for creative business solutions
 Related Resources from Business.com Back to top 
 Best Sites to Learn MoreBack to top 

What is factoring and how it works.

Factoring fees explained.


  CommentsBack to top 

Loading Comments...


Add Your Comments


Email Guide to Florida Factoring Companies to a friend
Save the Guide to Florida Factoring Companies to My Work.com Favorites
Print the Guide to Florida Factoring Companies
link to this page
Save to del.icio.us
digg it!


Is any content on this page inappropriate? To let us know, please click here.

Ads by Google







© 2008 Work.com, Inc. All Rights Reserved. Work.com is a property of Business.com.
Help | About Us | Site Map | Terms of Use | Privacy Policy | Community Policy | Community Blog | Advertise on Work.com | Contact Us / Feedback | Work.com Feed