Invoice Factoring
Turn your unpaid invoices into immediate cash. Get up to 95% of your invoice value within 24 hours.
Up to 95%
Advance Rate
1 Day
Avg. Time to Fund
1.5-3%
Avg. Factoring Fee
None
Min Time in Business
Overview
Invoice factoring lets you unlock the cash trapped in your outstanding invoices. Instead of waiting 30, 60, or 90 days for customers to pay, you can sell your unpaid invoices to a factoring company and receive immediate funding. This is not a loan -- it is an advance on money you have already earned. Invoice factoring is ideal for B2B businesses that need to maintain healthy cash flow while waiting on customer payments. Unlike traditional financing, factoring qualification is based primarily on the creditworthiness of your customers, not your own credit score. This makes it accessible to newer businesses and those with less-than-perfect credit, as long as their customers are reliable payers.
Key Benefits
Who Is This Ideal For?
- 1B2B businesses waiting 30-90 days for customer payments
- 2Staffing agencies that need to cover weekly payroll before clients pay
- 3Growing companies that cannot wait for receivables to come in
- 4Government contractors waiting on slow-paying agency payments
- 5Newer businesses that cannot qualify for traditional bank loans
Real-World Use Cases
A staffing agency factors $200,000/month in invoices to cover weekly payroll for 150 temp workers
A trucking company factors freight invoices to cover fuel and maintenance costs without waiting 60 days for payment
A government contractor factors $500,000 in agency invoices to bridge 90-day payment cycles
A manufacturing company factors purchase orders from major retailers to fund raw material purchases
A consulting firm factors project invoices to cover overhead while waiting on client payment terms
An IT services company factors monthly recurring invoices to fund growth and hiring
Quick Facts
Funding Range
$10,000 - $10,000,000
Funding Speed
24-48 hours
Term Length
Ongoing (as long as you have invoices to factor)
No obligation. Free consultation.
Upload Documents
Optional -- speed up your application by preparing these documents.
Bank Statements
Last 3 months of business bank statements
Driver's License
Valid government-issued photo ID
Voided Check
Voided check from your business account
How to Qualify
- 1B2B or B2G (business-to-government) invoices
- 2Minimum $10,000 in monthly invoices
- 3Creditworthy customers (we check their credit, not just yours)
- 4No minimum time in business
- 5Invoices must be free of liens or prior assignments
Industries We Serve
The Process
How Invoice Factoring Works
Our streamlined process gets you from application to funded as quickly as possible.
Submit Your Invoices
Upload the invoices you want to factor through our secure portal. Include the invoice amount, customer name, and payment terms. You choose which invoices to factor -- there is no all-or-nothing requirement.
Verification & Advance
We verify the invoice and your customer's creditworthiness. Once verified, we advance up to 95% of the invoice value directly to your bank account within 24 hours.
Customer Payment
Your customer pays the invoice according to normal terms. They pay the factoring company directly (or you, depending on the arrangement). The process is professional and discreet.
Receive the Remainder
After your customer pays, we release the remaining balance (minus a small factoring fee, typically 1-3%) to you. The entire cycle then repeats with your next batch of invoices.
Get Started
How to Apply
Follow these simple steps to begin your funding journey.
Submit Your Invoices
Provide details about your outstanding invoices, including customer names, invoice amounts, and payment terms. Upload samples or a full receivables aging report.
Customer Credit Review
We evaluate the creditworthiness of your customers (the people paying the invoices). Strong customer credit means better terms and higher advance rates for you.
Receive Your Advance
Once approved, we advance up to 95% of the invoice value to your account within 24 hours. Start with one invoice or factor your entire receivables portfolio.
Ongoing Funding
As you generate new invoices, submit them for factoring and receive ongoing cash flow. There is no reapplication process -- your facility grows with your business.
Honest Assessment
Pros & Cons
We believe in full transparency. Here is an honest look at the advantages and limitations.
Advantages
- Fastest way to convert receivables to cash
- No debt added to your balance sheet
- Scales naturally as your sales grow
- Qualification based on customer credit, not yours
- Factoring company handles collections, saving you time
Considerations
- Factoring fees reduce your profit margin slightly
- Customers may be notified of the factoring arrangement
- Only works for B2B or B2G invoices
- Recourse factoring means you bear the default risk
Common Questions
Invoice Factoring FAQ
Get answers to the most frequently asked questions about this funding product.