EL PASO, Texas, July 23, 2018 /PRNewswire/ -- Interstate Capital, one of the largest invoice factoring companies in North America, announced today an expedited factoring process to help businesses access cash available in their accounts receivable and immediately improve their cash flow. Any business that needs to convert its accounts receivable into working capital within 24 to 48 hours can apply for factoring at www.interstatecapital.com.
Unlike bank applications for credit or financing, Interstate Capital's online application process is fast and efficient. Applicants can usually receive approval within two business days and have cash deposited into their bank account within 24 hours for approved invoices.
Small business loan applications are cumbersome and require an inordinate amount of paperwork and time, not to mention dependent upon a business owner's personal credit history.
Access to working capital is critical for businesses to succeed. From start-ups to established companies, consistent influxes of capital ensure business owners can maintain their growth goals without falling behind on payments to vendors or failing to make payroll or employment taxes.
The savings in terms of time and resources may outweigh the costs associated with an invoice factoring service.
Invoice factoring can help businesses of all types and sizes grow by providing access to cash when services or product deliveries are completed, and invoices are created and approved. In addition to expediting cash flow, factoring also helps businesses grow by allowing owners and managers to concentrate on running and growing their enterprises.
SOURCE Interstate Capital