Information for the city of Philadelphia
Philadelphia, the largest city in Pennsylvania, is located in the southeast part of the state at the junction of the Schuylkill and Delaware Rivers. It is coextensive with Philadelphia County.Philadelphia, the City of Brotherly Love, was settled in 1681 by Capt. William Markham, who, with a small band of colonists, had been sent out by his cousin, William Penn. Penn arrived the following year with the intention of creating a refuge for the Quakers.In the period before the American Revolution, the city outstripped all others in the colonies in education, arts, science, industry, and commerce.
In 1774 1776, the First and Second Continental Congresses met in Philadelphia, and, from 1781 1783, the city was the capital of the United States under the Articles of Confederation. In 1790, it became the nation's capital under the Constitution and remained so until the seat of the federal government moved to Washington in 1800.Within a half century of the founding of the nation at Independence Hall, Philadelphia had emerged as a leader in America's Industrial Revolution. Today the steam locomotives and hat factories of the 19th century have been replaced by diverse manufacturing specialties such as chemicals (including pharmaceuticals), medical devices, transportation equipment, and printing and publishing. In the services sector, Philadelphia leads in subsectors such as health services, insurance carriers, legal services, and architecture and engineering services.
Philadelphia is also home to branches of the U.S. Mint, the Federal Reserve System, and the Internal Revenue Service.The city's harbor, one of the largest freshwater ports in the world, is the centerpiece of the AmeriPort facility in south Philadelphia, a major shipping center with rail links to the Midwest and Canada.The city abounds in landmarks of early American history, including Independence Hall, where the Declaration of Independence was signed, and the Liberty Bell. Other significant tourist attractions are the Philadelphia Museum of Art, the Franklin Institute Science Museum, and the Philadelphia Zoological Gardens.
Information for the state of Pennsylvania
Iron smelting, made possible by abundant supplies of ore and of hardwoods for the furnaces, became important in the 18th cent. In the 19th cent., after the Bessemer process made the use of its great bituminous deposits economical, Pennsylvania quickly emerged as the nation's leading steel producer, but the industry has since declined dramatically. Another Pennsylvania resource, anthracite coal, found in the northeast, long made the state a dominant force in American railroading. In the early 21st cent., shale gas has driven a drilling boom in N and W Pennsylvania.
Heavy industry has declined in general, but the state still manufactures metal products, transportation equipment, foodstuffs, machinery, chemicals, and a wide variety of plastic, rubber, stone, clay, and glass products. Agriculture is concentrated in the fertile counties of the southeast, and prized farmlands lie in the Great Appalachian Valley, rich with limestone soils; here the Pennsylvania Dutch farmer built a culture that is identified with the bountiful agrarian life. Principal agricultural products include dairy products, cattle, hay, corn, wheat, oats, mushrooms, poultry, potatoes, and fruit.
You have things to do and sometimes it just does not make sense to put them off until you get paid
Invoice Factoring Companies In Pennsylvania
The fact that there's no limit to the level of financing is the major advantage Invoice Factoring has over traditional bank lending. As your company continues to grow, so too should the funding of invoices grow with you. -Invoice Factoring Companies In Pennsylvania
THE CRIMES WE COMMIT AGAINST OUR CASH FLOW
Invoice Factoring Companies In Pennsylvania Articles
Why Do Companies Choose Invoice Factoring?
We know that Invoice Factoring is the ideal way for a business to access instant cash on their company’s receivables, but there are other important benefits as well. Invoice Factoring can be a very handy financial instrument for many businesses.
Listed below Are Six Key Benefits of Invoice Factoring
No. 1: Back Office Solutions
Anyone running a business knows just how time consuming and expensiveit can be collecting payments from customers. When you employ a Invoice Factoring company they’ll take over that role for you using their own collection specialists: it’s their job to follow up with customers until such time as your account has been paid in full. In addition, some Invoice Factoring companies use online accounts, which means that you’ll have the ability to track your customers’ payments in real time.
Handing this time consuming part of your business over to the Invoice Factoring company frees up your time to do what you do best – running your business, looking for new business opportunities, and providing your customers with excellent customer service.
No. 2: Better Quality Customers
Some Invoice Factoring companies have their own rating systems for companies involved in your industry, in addition to having access to credit data on companies that could well become your new customers, and days pay information. Others create their own rating systems for companies working in your industry, which allows you to make calculated, informed decisions about both existing and new customers.
No. 3: Instant Access to Cash
When a company provides goods or services on credit it usually has to wait somewhere between 30 and 90 days for customers to pay on their invoice, and this very often leads to cash flow problems for the business. And that’s the beauty of Invoice Factoring! When you use a Invoice Factoring company you’ll typically receive an advance on an invoice within 24 hours. This immediate injection of cash allows businesses to purchase additional equipment, employ new staff, and cover other business expenses.
No. 4: Growing Your Business
Because Invoice Factoring provides instant access to cash, it offers you the flexibility to grow your business at a faster pace. In addition, Invoice Factoring is very simple to set up. A Invoice Factoring account can be created within a matter of days, whereas a traditional bank loan can take weeks. And, there’s no limit to the amount of funding a Invoice Factoring company can provide, unlike bank loans. Of course, this is assuming the Invoice Factoring company you choose to work with has a strong capital structure. Over a period of time, the volume of Invoice Factoring can increase within months – from thousands to millions of dollars.
No. 5: Funding for Start Ups
Start Ups quite often require financing to get their business up and running; but because they have no cash flow statements or balance sheets, and no business history, they’re highly unlikely to qualify for cash flow or asset based lending.
Invoice Factoring is not concerned about these requirements because it’s main interest is in the credit history of your customers. Before a Invoice Factoring company offers you financial assistance it will examine your customers’ credit scores, their payment patterns, and general financial health. Typically, the Invoice Factoring company will not be interested in how long your company has been operating.
No. 6: Invoice Factoring Is Not a Debt
Invoice Factoring does not become a debt to your business because it’s not a loan. Your business receives financial support from the Invoice Factoring company as and when you accumulate invoices, and the matter is settled once your customers have paid in full. It’s true that if you’re utilizing recourse Invoice Factoring, you, as the Invoice Factoring client, assume the risk if your customers default on payment; however, Invoice Factoring companies usually allow businesses to work off that amount by retaining a portion of reserve payments or future cash payments.
You Can Find More Information at http://invoicefactoringservices.org
and at Factoring Company Reviews at coveyheadquarters.com