Factoring companies in New Hampshire 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. New Hampshire 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 a New Hampshire invoice factoring company if you want to expand your business. Rather than taking a loan and going into debt, sell your invoices to a NH 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 New Hampshire-based business, consider the following when looking for New Hampshire receivables financing:

1. Check out local New Hampshire factoring companies.

2. Find an online factoring company to handle your New Hampshire receivables factoring.

3. Select a nationwide factoring company that has factoring companies in New Hampshire.

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

Check local New Hampshire invoice factoring companies to receive the personal touch

Use factoring companies with a local office in NH--they will provide more personalized service for your New Hampshire invoice factoring business than national companies.

I recommend: Boston Financial Corporation, founded in 1978, caters to small and mid-size businesses. They are located in Manchester Nashua, NH. Platinum Funding Group has representatives in New Hampshire and more than 15 years in the finance business. It offers factoring to all businesses.

Look for reliable online factoring companies that can handle your New Hampshire 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 New Hampshire 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 New Hampshire A/R financing to every size business. Capital Plus, founded in 1990, offers New Hampshire receivables 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 New Hampshire receivables financing

Even though local New Hampshire business factoring companies are likely to provide more personalized service, there are some excellent national companies that can handle your New Hampshire 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. 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 New Hampshire invoice factoring to small businesses.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Getting a loan in New Hampshire is difficult for new businesses. New Hampshire 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 New Hampshire that you decide to engage. The amount of the advance on your accounts receivable can vary from 65% to 97%, and the fees vary from 1% to 5% of your receivables.