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Invoice Factoring Companies In Baltimore, MD
Baltimore is Maryland’s largest city – it is a thriving collection of business owners located in the North East of the country. If you’re a business owner in the area, you may be wanting to expand your current operations. This can be hard to do if you don’t have the proper funding. Invoice factoring is a unique form of financing that eliminates the need to take on debt. Instead of taking out a traditional loan, a factoring service can purchase your future invoices for a fee and give you the money upfront. This can be a great way to fulfill funding requirements if you have little liquidity. Here are some of Baltimore’s most reputable factoring companies.
1st Commercial Credit
1st Commercial Credit is an online factoring broker with clients in Baltimore, Maryland. They have over 15 years of experience providing factoring solutions to clients in the region. You can receive an online quote by filling out a form on their interactive portal. They offer some of the lowest rates in the factoring industry, and can fulfill your requirements without you ever having to leave your office.
Baltimore Capital Consultants
Baltimore Capital Consultants are a local factoring service in Baltimore, Maryland. They cater to different companies throughout the region. They also issue lines of credit and other types of merchant loans that may prove valuable to your company. You should consider them if you want a local partner to help you with your cash-flow needs.
OCF Factoring is another national factoring firm that caters directly to the various Baltimore partners. They offer services across a broad range of industries that are sure to include your business’s area of expertise. You can apply for financing over their telephone hotline.
Businesses currently using factoring in Baltimore use a mix of local and national providers. 1st Commercial Credit is great for someone who wants an exclusively online platform. Baltimore Capital Consultants provide customers with a local partner for various financing needs. OCF is also a great option for local businesses, but their lack of online application services could make them an inconvenient option.