Invoice Factoring Suffolk VA

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

Consumer Financial Servs
(757) 934-2551
Suffolk, VA
Trammell Crow
(757) 925-4528
560 Lake Kilby Rd
Suffolk, VA
Cbr Inc
(757) 538-1900
900 Portsmouth Blvd
Suffolk, VA
Nationwide Money Services
(757) 923-4517
1524 Holland Rd
Suffolk, VA
Accelerated Financial Solutions Llc
(757) 484-5455
4016 Raintree Rd
Chesapeake, VA
Western Union
(434) 983-2720
RR 15
Dillwyn, VA
Wachovia
(703) 378-5216
14000 Sullyfield Cir
Chantilly, VA
Strategic Financial Services Inc
(703) 492-4121
12934 Harbor Dr
Woodbridge, VA
The Financial Group of Va Inc
(804) 965-6964
4880 Sadler Rd
Glen Allen, VA
Western Union
(434) 384-0642
2840 Linkhorne Dr
Lynchburg, VA

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

Noffsinger Financial Group

Noffsinger Financial is an independent investment firm in Newport News, Virginia.

757-873-8855
11028 Warwick Blvd. Ste. A
Newport News, VA
www.noffsingerfinancial.com

Noffsinger Financial Group is an independent financial advisors firm located in Newport News serving the financial planning needs of the Hampton Roads area.

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Portsmouth Chamber Connect - November 17, 2009
Dates: 11/17/2009 - 11/17/2009
Location: Portsmouth Partnership Briefing Center
Portsmouth, VA
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