The history of New Hampshire, one of the nation’s original 13 colonies, dates back to 1623. Today nearly 400 years later, the residents of the Granite State continue to be proud of its long heritage and historic landmarks, but they are equally focused on the future. There are many industries that can benefit from using factoring companies in New Hampshire.
Factoring in New Hampshire
Some companies in New Hampshire look to the future with plans for building their business: hiring more staff, increasing sales and marketing efforts, expanding their facilities, and other activities. They may have adequate revenue for fixed expenses, but no reserves to reach their growth goals. Some start-up firms may begin with a few strong customers, but need working capital to meet their overhead costs. Other companies can experience cash flow difficulties when their customers have long payment terms. An increasingly common solution in each of these scenarios is factoring.
Factoring provides companies the money they need without borrowing or incurring debt. Factoring companies purchase outstanding invoices and pay their clients the majority of those invoice amounts upfront. After collecting on those invoices, the factoring companies send their clients the balance, minus a small factoring fee. Many New Hampshire business owners find that factoring is an easy and affordable way to speed up their cash flow. It allows them to use the money that has been sitting in their accounts receivable for their future stability and growth.
New Hampshire Factoring by Industry
- Agriculture, especially poultry and dairy
Some of the best Factoring Companies in New Hampshire
View the above list of factoring companies in New Hampshire for more information.