Invoice factoring, also known as accounts receivable financing, is an alternative funding option for small business owners. By financing your accounts receivable, you have fast access to working capital that you can use to build your business.

Factoring financing is not a loan – rather, it is a way for you to turn existing accounts receivable into cash. The factor actually purchases your receivables at a discount, so there is no interest to repay and no new debt on your balance sheet.

THE FACTORING PROCESS IS PRETTY STRAIGHTFORWARD:

• Submit unpaid invoices for work completed
• The factoring company verifies invoices and advances you the funds (up to 95% invoice amount) within 24 hours
• The factoring company collects payment from your customer according to your payment terms
• When payment is received, the factor releases the remainder of the invoice amount, minus a small factoring fee

Businesses that are selling goods or services to other businesses can use invoice factoring to gain necessary working capital. Factoring companies can help businesses of all sizes in almost any industry. Industries include staffing, transportation, manufacturing, distribution, information technology and many others. Learn more about the industries we serve.

You don’t need to be in business long – we can find factoring for start-ups. If you have an invoice, we can help get you funded. Even if you don’t have an invoice yet, but you just secured a new contract, we can get you set up.