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How it Works

Apply online in just minutes

Apply directly through our secure-based application.

We find you the best match

We’ll evaluate your business needs and revenue to provide you with the best options possible.

Receive funds quickly

Choose your capital and get funded in as little as 24 hours!

Invoice Factoring Financing

Invoice factoring allows businesses to access immediate funds by selling their outstanding invoices to a specialized factoring company, ensuring liquidity for monthly obligations. This company then shoulders the task of collecting payments from the customer.

What are the Primary Factoring Methods?

  1. Comprehensive Factoring: In this approach, the factoring company manages all collection facets — from issuing invoices and tracking delayed payments to pursuing legal measures if required. Businesses typically get an upfront payment amounting to around 80% of the invoice’s value. The factoring company later collects the residual 20%, inclusive of any applicable late charges.
  2. Maturity Factoring: In maturity factoring, businesses retain the collection duties. The factoring firm only provides an advance, generally between 50% and 70% of the invoice value. Upon the invoice’s settlement, the business then remits the advanced amount plus any accrued interest.

Who is the Ideal Candidate for Invoice Factoring Financing?

Invoice factoring can serve as an optimal solution for businesses seeking immediate funds to manage expenses, handle payroll, or invest in vital equipment. It’s especially beneficial for enterprises that might find traditional bank loans elusive. Nonetheless, it’s crucial to remember that invoice factoring might carry higher costs. Therefore, businesses should thoroughly evaluate the expenses associated with factoring against other financing avenues before finalizing their decision.

Advantages of Invoice Factoring:

  1. Immediate liquidity.
  2. Eliminates the need for personal collateral.
  3. Potential to boost your credit rating.
  4. Reduces the risk of delayed payments.
  5. Enhances cash flow management.

Drawbacks of Invoice Factoring:

  1. Higher costs associated.
  2. Less autonomy over your account receivables.
  3. Might strain customer relationships.
  4. Stringent qualification criteria.

Considering an Invoice Factoring Loan?

Before diving in, consult with our funding specialists to explore the diverse programs available. By examining your invoices, bank statements, and profit and loss statements, we can guide you toward the best fit. Ensure you grasp the agreement’s details prior to making any commitments.