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Invoice Factoring Companies In Lexington-Fayette, KY
Lexington-Fayette is a city in Kentucky that is merged with Fayette county. It is the second largest city in the state – there are over 300,000 residents. It hosts many Fortune 500 companies, including world famous tech company IBM. But the area is not only home to big businesses, it also has a thriving collection of small businesses in operation. If you are the owner of one of these small businesses then you probably find it difficult to get the funding you need to stay in operation during seasonal gaps in cash flow – invoice factoring is a great solution. You can sell your invoices for an upfront fee to a factoring company that is then responsible for collecting it directly from your client. Here are some of the best invoice factoring companies working with businesses in Lexington-Fayette.
Invoice Factoring Group
Invoice Factoring Group is a large national factoring service that works with various clients in Lexington-Fayette. They have decades of experience helping businesses in almost every industry. They can help you get the working capital you need to expand your business. They have low fees of around 1.5% and can get you advances of up to 85% of your invoice amount.
Paragon Financial
Paragon Financial is another large factoring service that works with Lexington-Fayette based companies. They are able to help businesses regardless of size or industry. They have a great online chat portal so you can discuss your needs with a company representative prior to applying for a quote.
OCF Factoring
OCF Factoring is a regional factoring service that primarily deals with freight companies. Despite their small scope, they offer some of the largest advances on the market – you can get up to 97% of your invoice paid upfront! Consider this company if you work in freight and want a high advance percentage.
Verdict
There are several great factoring services working with Lexington-Fayette companies. If you work in freight, OCF can get you some of the highest advances in the industry. Invoice Factoring Group and Paragon Financial are two great services that can cater to any type of business regardless of industry.
