With many years of experience as a leading factoring company in Phoenix, Viva Capital Funding, LLC, are proud to be regarded as experts in a variety of business sectors.
Industries in Phoenix That Use Factoring Financing
For over 20 years, Viva Capital Funding has partnered with many industries in the Phoenix area. Our industry-specific experience has helped us become one of the best Phoenix factoring companies. Some of the industries we are most knowledgeable about include:
Invoice Factoring Financing
Is your business experiencing a cash flow shortfall? Are you looking for a way to get access to fast, steady cash flow that won’t negatively affect your credit score? Then you’ve come to the right place! Invoice factoring services offer the short-term, debt-free solution that you need.
While traditional bank loans are slow and tedious to get and are accompanied by hard limits and interest, with invoice factoring companies, you leverage your outstanding invoices for immediate and flexible working capital.
If you need a reliable, useful source of cash flow for your business, our simple process may be just what you are looking for:
- First, a customer places an order with you.
- Then, the creditworthiness of your customer is checked through Viva Capital Funding.
- Next, complete and deliver the order to the verified customer.
- After that, sell your invoices to Viva Capital and receive the payment within 24-48 hours.
- Lastly, let Viva Capital’s accounts receivables experts manage the collection process. We’ll then pay you the remaining balance, minus a small fee.
- You can keep tabs on your invoices 24/7 with our Accounts Receivable Reporting.
Invoice factoring is one of the most effective financing solutions available. Not only does it turn your unpaid invoices into immediate cash, but this cash flow solution also gives you the time and financial freedom you need to grow your business, among other benefits.
About Phoenix, AZ
The vibrant, growing city of Phoenix is the 5th largest city in the United States, with an estimated population of 1.76 million. Phoenix has become the nation’s fastest-growing city because it is such a great place to live, work, and play:
- An affordable cost of living at 5% lower than the national average.
- A business-friendly environment and plentiful job opportunities.
- The city’s amenities and activities are second to none, from the largest municipal park in the United States, golf courses galore, and an ideal climate to a delectable food scene, rich culture, and iconic architecture.
From the hottest clubs to homely backyards, the Grand Canyon State enjoys a festive atmosphere and laid-back attitude.
The Economy of Phoenix
Prior to World War II, Phoenix’s economy was driven by the “5Cs“, namely copper, cattle, climate, cotton, and citrus. Since then, this Arizona city’s economy has diversified.
Manufacturing plays a major role in Phoenix and turns out, among other items, aircraft parts, electronic equipment, agricultural chemicals, radios, air-conditioning equipment, aluminum products, steel castings and fabrications, saddles and leather goods, and native American crafts.
Because the Valley of the Sun attracts over 10 million visitors per year, tourism contributes tremendously to the economy. It makes sense, then, that the airport is constantly upgrading facilities, evident in the 80 ongoing slated projects costing over $600 million.
As the population has grown and morphed, the economy has moved into:
- Trade, transportation, and utilities
- Professional and business services
- Educational and health services
- Leisure and hospitality
- Financial activities
There are various state and local incentive programs to cultivate business development in Phoenix.
Phoenix’s Business Resources
Business owners in Phoenix have several resources available to assist in the growth of their businesses, connections through networks, or mentorship programs in which to participate. Here are some noteworthy organizations:
The Arizona Small Business Association helps small businesses survive and thrive in an ever-changing economy.
The Maricopa Small Business Development Center (SBDC) offers no-cost business counseling and training, workshops, seminars, and peer-to-peer masterminds to new and existing business owners.
SCORE Greater Phoenix leverages the expertise, wisdom, and knowledge of experienced entrepreneurs, corporate managers, and executives to help start, develop, and grow new businesses.
Ellevate is a network of successful, motivated professional women from a variety of industries and walks of life.
The Greater Phoenix Chamber encourages local prosperity and is a catalyst for economic vitality and strong communities.
If you need cash to keep your Phoenix B2B business going and growing, take advantage of your accounts receivables by selling them to a top Phoenix factoring company. Contact Viva Capital Funding, LLC, today!