Running a business isn’t cheap. A successful operation demands a steady cash flow. When you aren’t receiving payment from your clients for 30-90 day periods, it is hard to pay employees, rent and utilities, purchase supplies and cover other overhead expenses.
If your small business provides services to other businesses, we can help you secure the financing you need right away with invoice factoring. Invoice factoring, also known as accounts receivable factoring, ensures service providers always have enough cash on hand to operate and take on new customers. Approval is simple and funding is fast. Since factoring is not a loan, you won’t tack on new debt to your balance sheet.
Count on us if you need fast funds. We will partner you with the best service provider factoring company in the industry from our diverse marketplace. Why waste your time searching for factoring companies and services when we can do the work for you?
Simply put, invoice factoring is a way to get paid faster by selling your outstanding invoices to a factoring company. Factoring invoices helps business owners in the service industry get paid within 24 hours for services provided. You deliver your services and/or products, submit the invoice to a factoring company and the factoring company advances you the cash. Businesses of all sizes and stages qualify for this type of financing (yes, even new businesses qualify).
Whether you have a accounting, marketing, consulting or any other type of service business, we have the tools to get you the funds you need to grow your business. Service provider factoring companies provide advanced payments to growing companies like yours every day. We will match you with the best of the best, offering competitive rates, fast approval and much more.
Same day funding
Eliminate the wait for invoice payments
Factoring can help build your credit
Maintain steady cash flow during seasonal ups and downs
Low rates from 1%
Factor handles your collections giving you more time to focus on your business
No minimum volumes – you can choose to factor as needed
No debt to repay
The Process of Factoring
Contact us to get started. Approval is fast and takes about three days. Complete a short application and submit a few pieces of documentation. Once you are approved, you can get funded within a few short days. All this can be done from the comfort of your office or home, without every having to meet with a bank or deal with heavy contracts. Invoice factoring is the best financial solution for small service provider companies like yours.
Send your invoices to the factor. The factor verifies the invoice to ensure work was completed.
Once verified, you’ll receive an advance up to 95% within 24-hours. The remaining percentage will be held in a reserve account until the invoice is paid.
The factor collects payment from your customers on the terms you already have in place with them.
Repeat as needed. Submit invoices and receive cash in 24 hours.
Professional Service Companies in the United States
The service industry is booming.With that being said, there is some competition ahead. Let us partner you with the best factoring company for your niche so your business can grow. Don’t waste your time searching for the best financial solution, we have the answer right here. In addition to factoring, other financing options such as merchant cash advances and unsecured loans are available.
Start factoring your service provider receivables today.