FACTORING: A FINANCE SOLUTION FOR YOUR BUSINESS IN MAINE

The Pine Tree State

The state of Maine is the easternmost state in the United States. The Pine Tree State is traditionally known for its fishing, shipbuilding, and paper production. Maine is home to two major parks: Acadia National Park and Baxter State Park. These parks showcase Maine’s dense forests and jagged, rocky coastline. Tourism is an important piece of Maine’s economy with its appeal in sport hunting and outdoor recreation. Maine is the top producer of blueberries across the nation. Although not as dominant in the present, Maine is still known for its lobster production. With very few large companies operating headquarters in Maine, the state is reliant on small to mid-sized businesses.

invoice factoring maine

Core Industries:

  • Agriculture
  • Manufacturing
  • Service

 

Eagle Business Credit Offers Working Capital Funding Across Maine!

Eagle Business Credit serves businesses across Maine, including those in Portland, Augusta, and Lewiston. Portland, the economic capital of the state, sees business from Bank of America, Pioneer Telephone, and TruChoice Federal Credit Union. Augusta, the state capital, has been in the process of a revitalization with music, art, restaurants, and retail. Lewiston hosts a Walmart warehousing facility that services all New England Walmarts.

accounts receivable funding

A State to Start Your Business

L.L. Bean, the retail company founded in Freeport, still operates its headquarters from Freeport.

Fairchild Semiconductor in the tech industry, recently acquired by ON Semiconductor, was headquartered in South Portland.

IDEXX Laboratories in Westbrook is a research, development, manufacturing, and distribution company for veterinary, water testing, and dairy markets.

How can business invoice factoring help your Maine business?

If your business faces cash flow problems then you understand how hard it is to meet payroll, cover material costs and overhead, and grow your business all at once. Waiting 30 to 60 to 90 days for your customer to pay you for your goods or services can mean late payments to your suppliers, employees, or landlord. Invoice factoring eliminates that waiting period. We purchase your outstanding invoices, you receive your payment immediately, and we collect the payment from your customer per the agreed upon terms. We work to understand your business plan, your clients, and your funding needs to provide the best-fit, customizable, working capital funding solution to help you grow.

business loans

 

 

READY TO GET CASH FOR YOUR BUSINESS NOW?

Call us today and find out how easy it is to turn your unpaid invoices into funds you can use to grow tomorrow.

CALL TODAY
(855) 420 8318