Invoice Factoring
Convert your outstanding invoices into immediate cash flow, eliminating the wait for customer payments while gaining working capital for your business operations.
Benefits
Receive up to 95% of invoice value within 24-48 hours
Eliminate 30-90 day wait periods for customer payments
No debt added to your balance sheet
Scale financing with your sales - as invoices grow, so does available funding
Credit decisions based on your customers' creditworthiness, not just yours
Professional collections service included to manage customer payments
Eligibility Requirements
B2B or B2G business model with invoiced customers
Customers with good credit and payment history
Invoices for completed work or delivered products (not progress billing)
No tax liens or serious legal issues
Minimum invoice amounts typically $5,000+
1
Account Setup
Complete application and customer credit check process
2
Invoice Submission
Submit your invoices through our simple online portal
3
Funding
Receive initial advance within 24-48 hours, with remainder (minus fees) when customer pays
Frequently Asked Questions
What's the difference between factoring and a loan?
Factoring is the sale of your invoices, not a loan. You receive cash for work already completed rather than taking on debt. This means no monthly payments and no impact on your debt-to-income ratio.
Will my customers know I'm using factoring?
It depends on the type of factoring you choose. With notification factoring, customers will be directed to pay the factor directly. Non-notification factoring keeps the arrangement confidential, but typically costs more.
What industries work well with invoice factoring?
Factoring works well for many B2B industries including manufacturing, wholesale/distribution, staffing, transportation, construction, government contractors, and service providers.
How are factoring fees calculated?
Factoring fees typically consist of a discount rate (usually 1-5% of invoice value) and sometimes a processing fee. The rate depends on your customers' creditworthiness, invoice volume, and how long invoices take to pay.
Ready To Apply?
Get started with your Invoice Factoring application today and take the first step toward growing your business.
We provide streamlined business funding solutions tailored to your company's specific needs and goals.
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