Once a slower-paced Southern state primarily dependent on agriculture and famous for its cotton and peaches, today Georgia is a bustling regional center for businesses of all kinds. Atlanta is both the heart of the state’s government and its business community and is home to the nation’s second busiest airport. With its extensive network of railroads and interstate highways and it access to the Atlantic Ocean, Georgia is a major transportation hub for the South and the East Coast. There are many industries that can benefit from using factoring companies in Georgia.
Factoring in Georgia
With Georgia’s diversified economy and positive business climate, many companies of all kinds are growing. One way that business owners in the Peach State can pay their fixed expenses and yet build their reserves to allow for growth is by factoring invoices. Factoring – getting paid right away for work completed without waiting 30, 60, or even 90 days for customers to pay – enables companies to use that upfront cash to hire more staff, purchase inventory or new equipment, and expand their customer base.
Whether these companies are small start-ups or long-established family businesses, they can benefit from increased cash flow through factoring. In addition, invoice factoring allows companies to pay salaries and bills on time and expand their operations, all without incurring debt. Factoring has become a popular cash flow solution in Georgia as more companies discover its benefits.
Georgia Factoring by Industry
- Agriculture, especially peanuts, cotton, tobacco, and timber
- Paper Production
- Financial Services and Banking
- Transportation and distribution
- Natural resources, including marble and other stone
- Production of resins and turpentine
Some of the best Factoring Companies in Georgia
- ACD Financial Services
- Action Capital Corporation
- Bibby Financial Services
- Capital Invoice
- Cashway Funding
- Commercial Finance Group
- Eagle Business Credit
- G Squared Funding
View the above list of factoring companies in Georgia for more information.