Porter Capital was founded in 1991 and as offices in Birmingham, Alabama and New York, New York. In addition to factoring, Porter Capital offers... FACTOR ... more »
Paragon Financial provides New York medium to small businesses low rates on alternative financing such as invoice factoring and accounts receivable ... more »
Factoring Companies in Factor Funding Company helping companies in their first years of business, as well as companies that are having tremendous growth ... more »
Aug 29, 2013 ... RMP Capital: We have a diverse line of receivable factoring services and team of professionals committed to understanding your company's needs. ... New York, … more »
businesses in: New Jersey, New York, New England, Pennsylvania, ... Riviera Finance is an invoice factoring company providing the following services for ... more »
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Factoring By DesignSM is the reason for IDB Factors' growth since its inception in 2000. A division of IDB Bank, IDB ... Factoring helps many new companies grow and many goin… more »
New York City Factoring - As the most trusted New York City factoring company, you can turn to us for the factoring options that are best for your business. more »
4, Luncheon Meeting with NYIC, Arno Ristorante, New York, NY ... medical staffing companies, medical supply companies and any other type of business who ... more »
The Invoice Bankers Inc., an Englewood-based factoring company with national ... Factoring started about 200 years ago in New York City's garment industry. more »
OUR PROVEN New York City Factoring Companies HELP BOOST YOUR CASH PROFITS.YOU GET FLEXIBILITY THAT NO ONE ELSE OFFERS We offer ... more »
Keyword: New York Factoring Companies
There are several New York factoring companies throughout the state, all of which are designed to help businesses receive quick funds in exchange for their account receivable or invoices. These invoices are sold at a discount, allowing the factoring company to make a profit when the account receivable is paid off by the invoice payer. In return, the business that initially sold the invoice receives a quick influx of cash to pay for upcoming bills.
Factoring companies differ from lenders because they are not giving a loan to a business. Instead, the purchased invoice serves as payment to the factoring company. Unfortunately, for the factor, if the invoice payer decides to renege on the debt, then they are out of the money completely.
Throughout the state of New York, there are multiple businesses that deal with factors. Often, these businesses specialize in dealing with specific types of companies whether it be manufacturing or trucking. Companies such as Rosenthal & Rosenthal and OCF cater to the needs of specific New York industries.
The main advantage for factoring companies is the instant profit they receive from taking on another businesses invoice. For more information on New York factoring companies, be sure to check out the links on Business.com.
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