The Invoice Factoring Process
Invoice factoring gives your business the opportunity to be approved and start factoring account receivables in less than week. You read that right. Another great perk.
Everything is virtual. You can get the funds your business needs to grow right from your office chair. There has never been an easier way to get business-to-business funding. Use the extra cash from receivables factoring to improve your credit, pay off debt, take on new customers, make payments on existing loans and anything else you see fit.
We will work hard for your business and make sure to partner you with a factoring company that meets your needs. You will never have to search for financial support or compare deals, we do everything for you!
How it works:
1. Your company completes an order or service and bills the customer
2. A copy of the invoice is sent to the factor
3. The factor reviews and verifies the invoice, completing a credit check on the debtor
4. You get an advance of the invoice! (Usually 70-90%) Yay money!
5. The balance is held as a reserve – your factoring company takes their fee from the reserve
6. Once the customer, the factoring company releases the rest of your reserve
Request a Quote
We know how to get your business funded. If you’re not sure which funding product is best, we’ll walk you through the options.