Invoice factoring for Florida manufacturing companies can often be a silver bullet for their growing working capital needs. Manufacturers are suppliers for larger companies which is ideal when leveraging accounts receivables for fast funding. Factoring companies look at the credit of a manufacturer’s larger client and don’t put much weight on the personal credit of the manufacturers themselves. Companies from Miami to Jacksonville can significantly benefit when factoring their receivables. Florida’s advanced manufacturing industries produce intermediate and finished products ranging from paper to food, to automotive. Florida is home to over 18,200 manufacturers employing more than 317,000 workers.
Top 20 Manufacturing Sectors in Florida:
- Aerospace Product and Parts
- Medical Equipment and Supplies
- Printing and Related Support Activities
- Semiconductor and Electronic Components
- Electronic Instruments
- Architectural and Structural Metals
- Cement and Concrete Products
- Plastics Products
- Other Miscellaneous Mfg
- Bakeries and Tortilla
- Ship and Boat Building
- Beverage Manufacturing
- Communications Equipment
- Commercial and Service Industry Machinery
- Household and Institutional Furniture and Kitchen Cabinets
- Converted Paper Products
- Other General Purpose Machinery
- Other Fabricated Metal Products
- Fruit and Vegetable Preserving and Specialty Foods
- Machine Shops, Turned Product, and Screws, Nuts & Bolts
BusinessCash has over 20 years of experience providing the Florida manufacturer industry working capital through invoice factoring and purchase order financing with credit protection and AR management.