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Invoice Factoring Companies In El Paso, TX
El Paso, Texas is a regional city in West Texas that hosts a range of different small businesses. Many of these operate in the Oil & Gas industry. If you are one of the many small business owners in the El Paso region you may struggling with gaps in your cash flow. Instead of accruing debt via a traditional business loan, you should consider factoring as a viable option to increase your cash on hand. Factoring companies will purchase your invoice in advance then collect the money from your client later. They’re more concerned with your client’s payment history than your credit rating. This is a great way to receive upfront cash for your fulfilled orders. We’ve compiled a list of El Paso’s top invoice factoring companies so you don’t have to do the research yourself.
Nationwide Capital Funding
Nationwide Capital Funding is an invoice factoring company with a presence across the United States. Their main office is located close to El Paso, Texas in Corpus Christi. They specialize in helping small businesses attain the best finance possible for growing their operations. If you’re a small business owner with limited credit history, Nationwide is one of El Paso’s best options.
Prodigy Financial Services
Prodigy Financial Services is another Texas based factoring company that works with companies located in El Paso. The firm caters to any type of company, so if you work in a small niche you may find Prodigy is one of your best options. They also offer 24-hour funding options.
Gulf Coast Business Credit
Gulf Coast Business Credit is the last of the three factoring companies we recommend for El Paso business owners. Like the first two, Gulf Coast is located in Texas and provides services to almost any industry looking for invoice factoring services. They have been in operation since 2000.
Verdict
Given that El Paso is in Texas, they have a large selection of factoring companies to choose from. Small business owners are best to consult Nationwide Capital Funding as they specialize in helping newly formed businesses attain capital. Prodigy and Gulf Coast are perfect matches for businesses operating in almost any industry.
