If the payment is expected in a shorter time frame, some Minneapolis. Does not require access to your private banking and accounting information. Most freight factors charge between 2. One of our. The main advantage of invoice factoring is cash, when you need it. To speak with an invoice factoring expert, call 609. Step 1: Contact Scale Funding and speak with one of our financial experts about our Minneapolis accounts-receivable financing and invoice factoring programs. You receive the remaining amount,. It focuses on your client’s ability to pay the invoices, so lenders are more. This is deducted from the reserve that is paid to the client. Invoice factoring is a form of financing where a business sells some or all of its outstanding invoices to an outside company, which then collects the invoices for the business. AIM Business Capital provides invoice factoring services for oil and gas, energy, trucking and logistics, staffing, manufacturing, wholesaling, distribution, and service-related companies. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. Working diligently with our clients in the Minneapolis. Then, the business owner will submit its invoices to the factoring company. Factoring typically takes two forms: recourse factoring and factoring without recourse. Spot factoring, also known as single invoice factoring, is a way for companies to improve cash flow without taking out a loan or selling equity. Invoicing factoring is one way to address the problem. The exact timing of your cash advance deposit usually depends on when you complete the. No job is too small for Transportation Funding Group. When factoring receivables, the business will receive an advance that’s typically 80% of the invoice amount at the point of purchase. In invoice factoring, recourse covers what happens if the factoring company purchases an invoice from its client and then the invoice is not paid by the factoring client’s customer, also known as the account debtor. Within just 24 hours you could be set up on our system. With our invoice-and alternative-finance solutions, suppliers can dramatically cut. Here’s how it basically works: invoice factoring, which is also referred to as invoice financing, allows you to get advances on those unpaid invoices due in 30, 60, 90 days, or more. Invoice factoring involves selling a company’s outstanding invoices to a third party — usually a micro-financing institution (MFI). Find an invoice factoring office near you. Scale Funding offers Factoring lines from $50K - $10 million. The factoring company buying the invoice will deduct its fee from your proceeds–Universal Funding’s fee can be as low as 0. You sell an invoice valued at $5,000 to a factoring company. A company’s accounts receivable balance is the amount of money the business is owed by clients and customers for goods or services already sold. 917. PO Financing. The Sunbelt Difference. 1. TCI Business Capital. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. The factoring company, in turn, pays around 80-90% of the invoice amount immediately. The difference is primarily one of volume. A lender will provide you with an upfront payment of up to 100% of the total value of the invoice. We have collected data nationwide to help calculate the average cost of invoice factoring in the US. We handle all billing and collections, automated payments to your carriers, invoice creation, and more. By contrast, invoice factoring tends to be used by smaller companies due to its accessibility, rather than choice. Minneapolis Receivable Factoring Companies|. Both purchase order (PO) financing and invoice factoring are designed to help businesses that have sales outpacing their incoming revenues. Invoice factoring is typically provided by third-party lenders or independent finance. Invoice Advance is a leading and trusted choice for Manufacturing companies in the state of Minnesota. Infusion Funding. The primary purpose of invoice factoring is to improve the business’ cash flow by obtaining immediate funds. Invoice factoring is a form of financing where a business sells some or all of its outstanding invoices to an outside company, which then collects the invoices for the business. 10800 Lyndale Ave S. Your credit availability moves in real time, based on your open invoices and other collateral, for credit lines up to $100 million. Cash is used to meet short-term financial obligations and seize growth opportunities. To start the factoring process, a business owner will sign a contract with a factoring company, agreeing to sell its invoices, also referred to as the business’s accounts receivable. Here’s how it works: a factoring company gives you a certain percentage of the face value of your unpaid invoices. It improves cash flow. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. Quickly compare invoice factoring rates in Minneapolis today. Services. Invoice factoring definition. Invoice financing is an alternative type of business loan that helps invoice-based businesses get short-term funding. The company offers factoring to businesses that have an outstanding invoice of at least $100,000 in accounts receivable or invoices to one customer — with advance rates of 100% (minus fees). 3470 Washington Drive #206 Milwaukee, WI 53213 Our Eagan, MN office provides the following services: Invoice, small business, spot and non-recourse factoring, as well as. In exchange for the quick funds, factoring companies charge the business a fee of. In general, invoice factoring takes between 2 to 7 days, and funded approximately 1 to 3 business days afterwards. The practice of leveraging a company’s outstanding commercial receivables to obtain immediate cash is known as invoice factoring. Invoice Factoring Example. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. This makes it a good option for business to business (B2B)-focused companies. 80% upfront and 20% later. Instead, it gets up to 90% of the invoice amount within a few business days. Minneapolis, Minnesota, 55416 952. Invoice factoring is a business financing solution that allows B2B owners to receive payments for outstanding invoices within days, not months (30, 60, or 90-day payment terms). We also provide factoring services for other industries such as staffing, manufacturing, and business services. Unlike a business loan, invoice factoring helps businesses get paid faster with money that customers already owe to the business. S. When the company receives the remittance amount from the factoring company. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. Minneapolis, MN Phone: 205-397-1260. Pros of invoice factoring. Here are some of the best factoring companies in the freight factoring industry, listed in alphabetical order. Luger. What Is Factoring?Invoice Factoring with Invoice Advance can convert your Minneapolis, MN businesses invoices into cash within 24 hours or less. Only a few invoice factoring companies can say that. 545. Once the factor collects from the end customer on the standard payment terms, they release the remainder of the invoice value to you, minus a small factoring fee. Repayment Term. Learn more online! Skip to content. Factoring is initiated on behalf of the supplier whereas supply chain finance or reverse factoring is a buyer-controlled early-pay finance program. 4) Your factor collects payment directly from your Customers, typically 30-45 days later. Invoice factoring is a financial solution that helps you, as a business owner, improve your cash flow. A factoring company collects a fee from the invoice payment, then sends you the remainder. Our Clients Are Happy! Minneapolis,Minnesota . Invoice Factoring; Factoring for Small Business;. The invoice is for $50,000 of work. Dive even deeper in Small Business. For instance, if an invoice of $5,000 is sold with a 3% factoring fee, the business owner receives $4,850, resulting in a lower profit with. · Irvine · Kansas City · Knoxville · Las Vegas · Los Angeles · Manchester · Memphis · Miami · Midland · Milwaukee · Minneapolis · Nashville. Invoice Factoring. As a company grows and experiences an increased need for cash, they will likely seek out various forms of financing. Search for: Français; Español; Contact Us; FAQ’s; Search for: 800. Published Aug 31, 2023. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job. 60 Crescent Bend, Allendale, New Jersey, 07401 201. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. 917. Greenbridge Finance. TCI Business Capital — Best for High Funding Amounts. Factoring is a form of short-term financing in which a business sells its accounts receivable to a third-party at. Invoice factoring means selling control of your accounts receivable, either in part or in full. The factoring company verifies your invoices, funds up to 90% of the invoice face value, then collects on those invoices directly from your customers (via a notice of assignment). Step 3: Your customers pay into a bank account that is controlled by the factoring company, so they will be aware that you are using factoring. If the invoice. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. The exact timing of our cash advance deposit may vary depending on when your customer receives. 1308 Camellia Blvd. Best factoring companies for trucking include TruckSmarter, Transportation Management Group, Apex Capital, TAFS, RTS Financial, TBS Factoring, eCapital, Thunder. ”. And it’s available to you day or night, from anywhere in the world. Invoice Factoring; Factoring for Small Business; AR Financing; Non-Recourse Factoring; Locations; Industries; FAQs; Invoice Factoring Blog; Get a QuotePlease send all payments on invoices to: Commonwealth Capital, LLC #168 PO Box 1575 Minneapolis, MN 55480-1575Minneapolis Invoice Factoring Companies|. 855-755-FUND. Accounts receivable financing or factoring helps increase your sales so you can continue to build your customer base – and increase your profits. Fee structure. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. altLine – Best for Short-Term Arrangements. Once the customer pays the invoice to the factoring company, the factoring company will then pay the business owner the rest of the invoice balance, minus the agreed upon fee of 1% to 4%. In 2019, it doubled its headcount to around 100 with its acquisition of Burnsville-based TCI Business Capital, an invoice factoring and. Many medical professionals simply cannot function waiting 60 to 120 days for payment. Why wait to be paid? Accounts receivable factoring turns your unpaid invoices into same day cash. Get Started Now. Once the invoice is processed and the service charge is. Learn More about invoice factoring in Minneapolis, Minnesota, Williston, North Dakota & South Dakota. Few financial factoring companies can say that. Even so, it’s important to understand the differences between the two. Receive Advances Up To 95% Of The Invoice Face Value. Bloomington, MN 55420. Reverse factoring is a financing method that improves the cash flows of both buyers and sellers by using a bank or similar financial institution. Invoice factoring companies will give you cash in exchange for the rights to collect your unpaid invoices. Only a few accounts receivable factoring companies can say that. Factoring can be a great way to finance your business, but it is important to know the cost of factoring. Improved cash flow: It speeds up cash flow that helps you to cover up all. eCapital Commercial Finance – Best non-recourse invoice factoring. Minneapolis, MN 55416 952. See reviews, photos, directions, phone numbers and more for Invoice Factoring locations in Minneapolis, MN. Factoring government invoices helps businesses to eliminate the cash flow problems that result from the slow paying of government invoices. Submit your completed invoices to Bankers Factoring for your funding amount. Assigning the Factor. Invoice factoring: Steps involved: Step 1: Send your invoices to your customers, while sending a copy to the financial institution you are working with for invoice factoring. Top Factoring Companies for Trucking. Watch Video. The best agricultural factoring companies fund your invoices within 1 or 2 days. 872. com Address: 8970 W 35W Services Dr NE, Suite 100 Minneapolis, MN 55449Minneapolis : Minnesota Janitorial Factoring : Fast, simple, and very competitive. Stop worrying about your payments and get back to doing what you do best. You have an outstanding invoice from a customer for KES 10,000. Commonwealth Capital. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. Home; About Us . The exact timing of your cash advance depends on the customer’s receipts and acknowledgment of goods. After invoices are submitted and verified, they are funded by Riviera Finance within 24 hours. 855-755-3863. TBS — Best for Low Fees. Minneapolis Financial Factoring Companies|. Home; About; Serv ices; Apply; Calc ulate; Contact; Call :. Depending on whether you are bonded or not, the amount is 70% to 80% of the invoice’s face value. Our business funding services in Mississippi include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Our Clients Are Happy! Minneapolis,Minnesota . Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. In explicit terms, a business presents its invoices to another company (called a factor or factoring company). The former is the most traditional form of factoring, essentially a loan o ered by the banking system in which the invoice is simply a speculative form of collateral. This is good news if you have to cover a bi-weekly payroll but are on net 30. In addition, you have the flexibility to factor whichever and however many invoices you need to have cash on hand. Invoice factoring (also known as accounts receivable factoring) occurs when a company sells its unpaid invoices to a factoring company at a discount. 55%. Invoice factoring platforms give an accessible solution to invoicing. Factoring is not a loan, so there is no debt created by it. Upon full payment of the invoice, the factoring company gives. In some cases, the resulting revenue can lead to a 50% increase in average revenue per user (ARPU). Small businesses get cash immediately instead of waiting for their customer to pay later. The factoring company also assumes responsibility for. It receives a percentage of the value of those invoices in cash from the factor. Without cash the business wouldn’t exist in the first place let alone thriving. 7600 Parklawn Ave. 1st Commercial Credit provides invoice factoring services in Minnesota (MN) for all businesses in many industries, and our invoice factoring rates are competitive between 0. It depends on the factor rate, also known as the “factoring fee” or “discount rate. , before the client has paid you for services rendered. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. It works like this: You provide goods or services to your customers in the normal way. Invoice Factoring Blog; Get a Quote; Compare & Find Factoring Companies, Fast! Whatever your industry, location or size, Factoring Directory helps you find a factoring company that most closely aligns with your business needs. In 2019, it doubled its headcount to around 100 with its acquisition of Burnsville-based TCI Business Capital, an invoice factoring and. Don’t wait on net terms. From Minneapolis and St. In this way, you don’t get the full balance of the invoice, but many business owners find that paying a. CLIENT LOGIN. They’re more long-term solutions with greater. The seller sends an invoice to the debtor. Our business funding services in Maryland include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. It is typically stated as a percentage of the gross invoice amount per time period (i. Good for business-to-business companies. We have survived many economic downturns and in doing so, can help you through any difficult times you might encounter. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. It involves selling your accounts receivables or unpaid invoices to a third-party factoring company in exchange for cash – typically 70 percent to 90 percent of the invoice’s value. What’s Similar. Invoice factoring is a process in which contractors sell outstanding invoices to a factoring company in exchange for 70-90% of the amount up front. 9210 More Info. Invoice financing, sometimes called accounts receivable financing, is a form of asset-based financing in which business owners receive an advance of capital in exchange for their unpaid invoices. This lender requires that you are able to factor at least $15,000 per month with them. You might receive 70% to 90% of the value of your invoices upfront and. Invoice factoring requires a similar fee (the service fee). Freight Factoring for Truckers; Payroll Funding for Staffing Companies; Who We Fund; Why Use a Minnesota-based Factoring Company; Refer A Friend Program;. That means you won’t get your money for another 3 months. FundThrough: Best for small businesses. Learn More about invoice factoring in Minneapolis, Minnesota, Williston, North Dakota & South Dakota. Contact us at 800-707-4845. With many load factoring companies to pick from, how do you pick the best one for your Washington company? Especially since all of the best load factoring companies claim they have the most flexible rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly. com. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. » Invoice factoring not. Why invoice factoring works is right there in the name. altLINE Advances 80-90% Of The Invoice Face Value. So, there are 3 separate accounting entries for factored receivables: The journal entry is added to accounts receivable when the invoice is issued. Working capital doesn’t have to be a zero-sum game. 1200. 5% and 5% of the invoice value. Freight factoring fees vary by company, invoice value and customer credit score. Receive funds typically within 24 hours. invoice advance. The cold weather has done nothing to deter residents from moving to the city to try and start their own enterprises. Get cash fast with factoring, to help your Minneapolis business grow and flourish. Contract factoring, in contrast, is a longer-term agreement where you send the factoring company a certain percentage of. After the agreement has been signed, the factor will give an advancement to the healthcare company called the advance rate, which is usually 80% - 90% of the invoice’s value. The interest rates are usually low, starting at 0. toll free – (888) 800-9801. Government Invoice Factoring. Apply Now CALL NOW 1 (800) 876 6071. Clients using invoice factoring often show an appetite for accelerating. Banks want to protect themselves. We can lift that heavy burden of credit control off your back for invoices you decide to factor, saving you big time and. Our business funding services in Indiana include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Invoice factoring is used when you have already delivered and completed a customer order but haven’t yet received payment from them. The financing company approves your invoice submission and gives you an advance of 90% ($90,000). It will give you upfront money in exchange for the invoice payments. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. Charlotte Invoice Factoring Cost. 7484. Workflow Conduite in Minneapolis. Invoice Factoring 101; FAQ; Industries We Serve. As experts in invoice factoring for government contractors, we will work closely with you to tailor a cost-effective funding solution. Free Quote. Riviera Finance: Best for quick funding. Factoring is a flexible business financing option that instantly lets you receive cash based on your outstanding accounts receivables. Non-recourse factoring is when a factoring company offers to purchase some, or all, of its clients accounts receivable “without recourse”. GreenBridge supplies this accounts receivables financing to business to business clients so they can collect on invoice payments right away. Riviera Finance is an invoice factoring company providing the following services for companies in Minneapolis, Minnesota, Williston, North Dakota & South Dakota. INVOICE FACTORING. If you're looking for an alternative to factoring, this guide is for you. 12270 Nicollet Ave South, Burnsville, Minnesota, 55337 952-656-3400Step 2: The invoice factoring company verifies the invoices and pays you the majority (up to 90%) of the value of the invoices immediately. Advance Amount = 90% x $1,000. B2B companies often choose factoring as a means to receive cash immediately. TCI Business Capital. When all of the payments are made by the clients to the lenders, the lender will then reimburse the. Minneapolis Office Location: 3470 Washington Drive #206. CLIENT LOGIN. That makes it cheaper than invoice factoring but less flexible, as you cannot pick and choose the invoices that you want to raise funding against. To pay rent. What Is Factoring?Invoice financing is an alternative type of business loan that helps invoice-based businesses get short-term funding. Invoice Factoring is the practice of using a business’s customer invoices as collateral to obtain cash advances from a third-party finance company. 3. With invoice factoring, a business gives up control. Invoice factoring is a financial product where a business sells its account receivables to a factor. 75 – 2. Our Clients Are Happy! Minneapolis,Minnesota . Therefore, once your customer pays the invoice to your factor, the factor can simply pay out the remaining invoice amount to your business (minus a small factoring fee, typically 0. As your debtor book rises, so. Get cash and invoice factoring assistance now! Business Financing Since 1969. 19%. If it takes your customer three months to pay. 25% per week. AltLine the Southern Bank Company: Factor up to 95% of invoices. 545. You can always try to negotiate. 1st Commercial Credit’s account receivable factoring offers a solution that allows businesses in Minneapolis, Minnesota (MN) to turn outstanding invoices into immediate. In exchange for the quick funds, factoring companies. com Address: 8970 W 35W Services Dr NE, Suite 100 Minneapolis, MN 55449 Commonwealth Capital, LLC. Our. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. Your customers will then pay the factoring company for the invoices and then the funder will release. The fee charged to the client by the factoring company to finance the client’s invoice. Call 314-624-1481. Our business funding services in Minnesota include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Let’s look at each journal entry with an example. 2% for 30 days). Instead, it gets up to 90% of the invoice amount within a few business days. An invoice factoring company buys your outstanding invoices and pays you a cash advance for the amount owed (anywhere from 70 percent to 90 percent of the full invoice amount). Find the best factoring companies in the Minneapolis Area. The factoring invoices steps include: Sell and deliver products and services to your customers on extended credit terms. Commonwealth Capital, LLC. With invoice factoring, a business sells its invoice at a discount to the invoice factoring company in two installments, that is, 80% upfront and 20% later. Cash flow is the lifeblood of business. Or call us anytime 24/7 at 800-672-3844. 7 Best Invoice Factoring Companies. Invoice factoring is a great way to improve your business’s overall cash flow that sometimes becomes sluggish due to slow-paying customers. The factor deducts their fee, and sends the remaining reserve,. You don’t. Any freight carrier knows that managing invoices and collecting payment from brokers and shippers can be. In an invoice factoring agreement, a business sells an outstanding invoice to a factoring company and in return receives a payment (s) to help meet their cash needs. Minneapolis, MN Phone: 205-397-1260. Once the customer pays the invoice, the company will remit the balance to you, minus their fee. After subtracting the 3% processing fee ($750), 2% factor rate per week ($1000), and $5 ACH fee, the factor pays you the remaining $3,245. Our business funding services in Maryland include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Invoice factor financing involves selling your outstanding invoices to a factoring company, usually for a predetermined financing fee based on a percentage of your company’s gross turnover. Advance Amount = Advance Rate x Invoice Price. Invoice Advance is the top government factoring choice in and around Minneapolis for government contractors. Velocity Financial is a Midland, TX factoring company that specializes in oilfield service companies such as welding, trucking, rig services, and oilfield construction, just to name. 11, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global invoice factoring market was estimated at $1946. 5% to 3% for the first 30 days the invoice is outstanding—after 30 days, fees increase incrementally every 15 days and max out at 5%. Our Eagan, MN office provides the following services: Invoice, small business, spot and non-recourse factoring, as well as startup financing. 855-755-FUND. 474. Fees are charged and you collect payment. We are a small business that brings the level of enterprise expertise to help drive you toward your goals. Get a cash advance on your. $10,000 to $10 million. Universal Funding Corporation. OTR Solutions – Best for freight companies. With invoice factoring, a company receives an improved cash flow that is easily predictable. 855-755-FUND. Enter invoice factoring. Invoice factoring with blockchain (also called invoice financing) steps in to remedy the situation. Riviera Finance maintains. The invoice factoring company vets the client for creditworthiness. The Company has been providing independent shops and diners for years, but always sold on cash-on-delivery terms. In exchange for the quick funds, factoring companies charge the business a fee of. Another non-recourse factoring company is OTR Solutions, which offers factoring for trucking companies on net-30, -60, and -90 day invoices, as quickly as the same day. Invoice factoring companies will give. The two main ways to factor a construction invoice are spot factoring and contract factoring. eCapital: Best for a wide range of factoring selections. 1. The funding time is faster than for a traditional loan. 6% per week. main – (952) 469-4460. One of our team members will provide you with an approval and a quote within 15 minutes. 855-755-3863. Invoice financing and invoice factoring are two types of alternative lending solutions that are helping small businesses get the money they deserve; when they need it. + Follow. Factoring is slow, invoice by invoice. UTAH 2455 E. Invoice factoring creates cash flow from unpaid customer receivables. The latter is the most common type in Italy and on most advanced nancial markets. This gives you access to the funds you need to manage and grow your business. Invoice Factoring Blog; Get a Quote; North Mill Capital. Suppose a company gives you $9,300 for your $10,000 invoice. In addition, our authority department. 872. Invoice Advance is a leading and trusted choice for Manufacturing companies in the state of. ExpoCredit. Fort Worth, TX. 55%. With invoice financing, a company uses an invoice or invoices as collateral to get a loan from a financing company. Invoice Factoring Definition. Attorney Andrew M. Within 3 to 5 days of your application, we approve your funding request and advance up to 93% of your A/R value. Apply Now. Firstly, it provides quick access to cash, which can be crucial for covering immediate expenses or investing in growth opportunities. Factoring. Flexible Funding for All Businesses. Minneapolis, MN; Madison, WI. Invoice factoring companies especially live and die by their credit and collections decisions. Unlike with invoice factoring, you still own the unpaid invoices and remain responsible for collecting the late payments. We are the experts in invoice factoring and accounts receivable management. If your client makes full payment on the invoice within 30 days, the factoring company keeps their discount rate fee of $3,000 and will pay you the. Invoice factoring is a type of finance where a business raises money by selling a majority (typically 70-90%) of the value of an unpaid invoice to a specialist third party, known as an invoice factor. Minneapolis, MN 55420 (952) 469-4460. 5% per week. 280 Invoice Factoring Company jobs available on Indeed. Why invoice factoring is your best choice. Invoice Factoring with Blockchain gets the opportunity to. Access up to 90% of invoice value. MAP. Invoice factoring means selling control of your accounts receivable, either in part or in full. Riviera Finance maintains. A recourse factoring agreement requires the company to buy back the invoice. The factoring company then holds the remaining amount of the invoice, typically 8-10%, as a security deposit until the invoice is paid in full. Invoice Factoring Example. <br><br>To explore how we can specifically help your business, I encourage you to reach out to me. 6200. Minneapolis, Minnesota, 55408 2751 Hennepin Ave, Minneapolis, Minnesota, 55408 Footer. Invoice Factoring is a useful finance solution and funding option for businesses seeking a cash injection to support their growth. One reason a company might choose invoice factoring is to improve cash flow. Minneapolis, MN Phone: 205-397-1260. Minneapolis, MN Phone: 205-397-1260. UTAH 2455 E.