Invoice Factoring Maryland

Invoice factoring is a great way for companies to increase their cash flow on a short-term basis, and is geared towards those companies that have slow payments from customers. There are many financial services firms offering invoice and account receivable factoring, so be sure to take a look at the options, prices, and plans that each has to offer.

Local Companies

First Financial Group
(240) 401-2682
323 Oak Knoll Dr.
Rockville, MD
Orrstown Bank
717-597-7596
210 South Cleveland Avenue
Hagerstown, MD
Friedland Financial Planning
(301) 309-1988
2275 Research Boulevard, Suite 500
Rockville, MD
LawLeaf
Online
12 Muddy Lane
Elkton, MD
mycashwell.com
866-95-CASH4 (866-952-2744)
1010 Wayne Ave.
Silver Spring, MD
The Kairos Group LLC
410.263.8125
1612 McGuckain Street
Annapolis, MD
Provident Bank
410-277-2698
114 E Lexington Street
Baltimore, MD
Genworth Financial
240-506-4611
2915 Ascott Lane
Olney, MD
The Lewis Financial Group
(443) 622-0561
517 Harwood Ave.
Baltimore, MD
New York Life
410-740-4727
10480 Little Patuxent Parkway Ste 500
Columbia, MD

Invoice factoring is a great way for companies to increase their cash flow on a short term basis, and is geared towards those companies that have slow payments from customers. There are many financial services firms offering invoice and account receivable factoring, so be sure to take a look at the options, prices, and plans that each has to offer.

Help from Invoice Factoring

Companies that need invoice factoring are probably the companies that have large amounts of money sitting in the Accounts Receivable (A/R) field of the income statement. When A/R starts to pile up without any increase in cash, this can present a problem for companies that are squeezed for funds and need to make repayments on things like debt each month. Waiting for customers to pay is inhibiting to growth as well as dangerous if there is not enough cash rolling in.

By factoring invoices (same as receivables), the company uses those real, eventual sources of cash to purchase things or pay off debts. A company that has to pay off debt every month cannot afford to wait around for 60-90 days for clients to cut them checks. Debt management firms can negotiate with creditors to set up receivables factoring in order to free up cash flow.

This invoice factoring system allows companies to keep promises to lending institutions and pay off debts consistently and on time. Using legitimate sources of cash, such as valued clients who pay the company eventually, can have a powerful impact on the cash flow of the company, allowing it to repay debts and expand business. Many businesses offer this service.

Featured Local Company

First Financial Group

(240) 401-2682
323 Oak Knoll Dr.
Rockville, MD

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Related Local Event
Maryland Biz Expo
Dates: 6/16/2009 - 6/17/2009
Location: Baltimore Convention Center
Baltimore, MD
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