Grow Your Business: Use an LA Factor
Los Angeles is home to thousands of people… and thousands of businesses. How does a company stand out or grow when there are that many businesses around it? They use accounts receivable factoring.
What is Invoice Factoring?
Invoice factoring, also known as accounts receivable factoring, is the process of selling active invoices to a factoring company for a cash advance.
How Does Factoring Work?
Factoring is simple. To get started, fill out an online form or give us a call to speak with one of our factoring specialists.
From there, we use the information you’ve told us about your business to pair it with the best factoring company in Los Angeles that fits your needs. The factoring company then puts your business through a quick approval process.
Once approved, your company can start submitting invoices for work completed and orders filled. When you do that, the factoring company will call your customers and check that the services were done or goods were delivered.
Then, the factoring company gives your Los Angeles business a cash advance of up to 95 percent of the invoice amount, keeping the rest as a reserve.
When your business’ customers pay the factor, the factor will release the reserve to your company, minus a small factoring fee.