As a leading factoring company for the Houston area, Viva Capital Funding, LLC, has invoice factoring experience in nearly every commercial industry.

Invoice factoring allows you to get your invoices paid within 24-48 hours rather than having to wait the usual 30-120 days for your customers to pay.

Industries in Houston That Use Factoring Financing

While factoring solutions are suitable for almost all B2B transactions, industries specific to Houston that most frequently use factoring financing include:

Transportation factoring is particularly common in the logistics hub of Houston. Thanks to its central locale and robust network of distribution and logistics channels, Houston is the perfect powerhouse for companies needing countrywide distribution of their goods.

Proximity to the Permian Basin has seen scores of oilfield services companies established in Houston. From construction of infrastructure and rig or site preparation, to pipeline services and other services associated with oil and gas wells, oilfield factoring provides cash flow that can be immediately reinvested into the business rather than being tied up in unpaid invoices.

Invoice Factoring Financing

If your business is experiencing a cash flow shortfall, an invoice factoring company offers the short-term, debt-free solution that you need.

Unlike a traditional bank loan that is slow and tedious to get and comes with hard limits and interest, factoring companies let you leverage your accounts receivables for immediate working capital that is fast and flexible.

How it works is that a receivables factoring company buys your unpaid invoices at a discounted rate. You get the cash within 24 hours, and the factoring company experts take responsibility for collecting from your customers, leaving you with no debt to pay back.

Reverse factoring works similarly, but instead of being initiated by the (normally smaller) seller, the (normally bigger) buyer seeks approval for supply chain financing to cover the payment. Although the seller still pays the fees, it is often worthwhile as it allows large orders to be fulfilled without waiting for payment.

About Houston, TX

Houston’s population is currently estimated to be 2.32 million – with an outlying metropolitan area three times the size – making it the fourth-most populous city in the United States. “H-Town” also has the honor of being the U.S.’s most ethnically diverse metro, with no indications that its appeal and consequential growth are slowing down.

Along with the locals who call Houston home, its numerous cultural displays, museums, galleries, and performing arts exhibitions – not to mention the largest rodeo in the world – attract more than 7 million visitors annually.

Houston’s Economy

Acknowledged as the world capital of space exploration, air conditioning, the international energy industry, and petroleum exploration, it is no wonder that the global city of Houston is slowly, but steadily recovering from the impact of COVID-19 on the economy.Key to this recovery is the expansion of Houston’s tech workforce. Significant technology and software companies such as Cybersoft, Houston Wire & Cable, and HP Enterprises have flocked to the Greater Houston area in recent years.

Houston’s Business Resources

Business owners in Houston have numerous resources available to help them grow their businesses, connect through networks, or participate in mentorship programs. Here are some notable organizations:

Houston Chambers of Commerce – The community of business owners and professionals can network for business success through various chambers of commerce within Houston.

SCORE Houston – A 501(c)(3) nonprofit organization, SCORE’s experienced volunteers are dedicated to boosting small businesses through education and mentorship.

Small Business Administration (SBA) – A national organization with an office in Houston that helps entrepreneurs access the resources needed to get their businesses off the ground.

LiftFund – A nonprofit and designated community development financial institution that helps small businesses secure financing to administer contracts and realize sustainable development.

If you need cash to keep your business operating and growing, take advantage of your outstanding invoices by selling them to a factoring company. Contact Viva Capital Funding, LLC, today!

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