Invoice Factoring

Are you a small business looking for working capital? Are your clients’ government or commercial businesses with excellent credit but take too long to pay? Is bank financing not an option? If you answered yes, non-recourse invoice factoring is the solution to fuel your business. Receive an advance up to 90% of the accounts receivable amount the day the work is complete, or the service is performed. When you factor your invoices, you get the cash flow you need – fast and efficient!

Who can afford to wait 45 to 75 days for payment? Invoice financing is the solution to meet payroll, pay taxes, buy raw materials, pay suppliers or cover critical expenses to keep your business functioning.

What Is Invoice Financing?

Invoice Financing is a type of asset-based lending, and there are two different types. The first type is when the business opens a line of credit leveraging their good accounts receivable as collateral. The second is when the business sells its accounts receivable to an invoice factoring company. When you sell your accounts receivable, either the business or the factor has the options of taking the credit risk.

What Is Invoice Factoring?

Invoice Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (invoices) to a factoring company at a discount. Invoice factoring should not be considered a loan but a financing solution to keep your cash flow running.

A business will sometimes factor its receivable assets to meet its present and immediate cash needs. It might also factor their invoices to mitigate credit risk. Factoring is commonly referred to as accounts receivable factoring, invoice factoring and sometimes erroneously accounts receivable financing.

Read more about What is Invoice Factoring?

The Factoring Process Explained

The Factoring Process Explained

What is the Invoice Factoring Process?

STEP 1 – INVOICES INTO CASH

You have Open B2B or B2G Invoices and need cash now.

STEP 2 – VERIFICATION

The factor verifies if your customers are creditworthy and love your product and services.

STEP 3 – SAME DAY CASH

The same day the factor wires you 80-90% of all your open Invoices.

STEP 4 – BALANCE RECEIVED

In 30-60 days, your customer pays the lockbox, and you get the balance minus the minimal fees.

STEP 5 – REPEAT

Repeat when you have new invoices for continued, unlimited working capital!

Do I Qualify for Invoice Factoring?

  • Who is it for?
    Startups, Turndowns, Bank Exiting or underperforming Banking Relationships
  • Do I need good credit?
    Personal Credit of Owner is not an issue; we look at your customer’s ability to pay
  • Are the rates competitive?
    Yes, we offer competitive finance rates
  • What is the required revenue?
    Fast Growing Companies with sales of $30,000-$10,000,000 per month
  • How fast is the process?
    Start the Process and Get Funded in as fast as 24-48 hours
  • Am I in the right industry?
    Non-Recourse Factoring for All Industries

What Are the Benefits of Invoice Factoring?

  • Cash in your hands in as little as 24 hours
  • Up to 90% advanced on your Invoices
  • We become your credit department
  • Payroll funding
  • IRS issues and liens can often be a non-factor
  • Pre-approve your client’s credit
  • 25 years servicing industries of all kinds
  • Credit protection against bankruptcy through Non-Recourse Factoring

WHAT IS INVOICE FACTORING VS PO FUNDING?
– Download the PDF

How Much Does Invoice Factoring Cost?

invoice factoring calculatorThere is no fixed invoice factoring cost. The cost depends on several factors, such as the terms, the creditworthiness of your client, and more. However, generally speaking, non-recourse factoring has steeper invoice factoring cost compared to recourse factoring because of the risk a factoring is taking.

Try Our Invoice Factoring Rate Calculator. If you are wondering how the cost and fees stack up compared to MCA loans, bank business loans rates, SBA loan rates, other lenders and their financing packages? Use our powerful invoice factoring calculator to compare factoring rates.

What is Needed to Get Started with Invoice Factoring?

Use our fast, safe and secure online funding application, Contact Form or call us at 888-400-5931.

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