Check local Minnesota invoice factoring companies to receive the personal touch Use local factoring companies. Minnesota based companies will provide more personalized service for your Minnesota receivables factoring business than national companies.

I recommend:  Spectrum Commercial Services, founded in 1995, caters to businesses that don’t qualify for bank financing. It is located in Bloomington, MN. Riviera Finance is located in Minneapolis, MN and guarantees 24-hour funding. They have been in business for almost 40 years.

Look for reliable online factoring companies that can handle your Minnesota A/R factoring When looking at online factoring companies you need to look at the history and the ease of approval by the factoring company. Also, take into consideration the rates the company charges for handling your Minnesota 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 Minnesota A/R financing to every size business. Capital Plus, founded in 1990, offers Minnesota invoice factoring to any business. It offers up to 85% advanced rates, helps you build your credit and gives you much needed cash when you need it.

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

I recommend:  ONAN Commercial Lending is a division of ONAN Capital Holdings, Inc and provides financing to small and medium sized businesses nationwide. Rexford Funding is a nationwide company that has account executives who have been in the finance business for more than 30 years. It is committed to bringing Minnesota invoice factoring to small businesses.