Invoice Factoring Pennsylvania

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

Delaware & Lehigh National Heritage Corridor
(610) 760-1624
125 South Walnut St. 230
Slatington, PA
US Equipment Financing
1-877-722-USEF
1009 West Chester Pike
West Chester, PA
WCR Inc.
(800) 853-8021
5220 N. Mascher Street
Philadelphia, PA
Access Financial Services
(215) 981-0240
507 N 21st St
Philadelphia, PA
Pennsylvania State Employees Credit Union
(610) 865-2400
1 Credit Union Place
Harrisburg, PA
KNBT, A Division of National Penn Bank - Crown Pointe Community Office
(215) 536-6757
3201 Emrick Boulevard
Bethlehem, PA
KNBT, Division of National Penn Bank - Miller Heights
(610) 366-7310
3933 Freemansburg Avenue
Bethlehem, PA
Wachovia Bank - Bethlehem Square
(610) 317-9355
Bethlehem Square Financial Center
Bethlehem, PA
The Heights St. Joseph Credit Union
(484) 661-1390
3530 Freemansburg Avenue
Bethlehem, PA
KNBT, Division of National Penn Bank - Forks Township
(610) 261-1113
2000 Sullivan Trail
Easton, PA

 

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

Delaware & Lehigh National Heritage Corridor

(610) 760-1624
125 South Walnut St. 230
Slatington, PA
http://www.delawareandlehigh.org

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