Which Companies Are Eligible?

While any company can benefit from accounts receivable financing, some company's find the experience more fruitful than others. Industries such as construction, trucking, manufacturing, textiles, staffing, and engineering companies utilize accounts receivable financing on a daily basis. As well, any business which has customers with a solid rating or contracts with the government and doesn't want to wait for 30 to 90 days for the invoice to be paid can reduce cash flow stress through this type of funding option.

Invoice Factoring Line of Credit

Companies that do not meet the traditional criteria for a bank loan often find that this type of funding is able to meet their needs. Additionally, businesses with credit problems or less-than-perfect credit enjoy the fact that the funding is based on the credit rating of their customer. This takes a great deal of pressure off the client company.

Invoice Factoring Line of Credit

Furthermore, companies that are experiencing a period of hyper-growth and are having trouble keeping up with the financial needs of the business tend to do well under these types of programs. This allows the company to continue on with the growth without acquiring vast amounts of debt.