Founded in 1993 in Santa Teresa, New Mexico, Interstate Capital originally focused its factoring business in the apparel and “maquiladora” industries in the U.S.-Mexico border states. The company quickly attracted clients throughout North America and began specializing in accounts receivable financing for the transportation, manufacturing/wholesale distribution, oilfield service and staffing industries. Interstate developed a solid reputation for its strong customer service and generous advances up to 100% of the discounted invoices. Rather than wait 30 to 90 days for their customers to pay, clients can receive their funds on the same day they submit their invoices.