Is your small business in need of funding? Don’t turn to bank loans. Instead, consider invoice factoring.
Accounts receivable factoring, also known as invoice factoring, is the process of selling your business’ unpaid invoices to a factoring company for a cash advance.
How Do You Factor? Here are the Steps:
It’s easy. Tell us about your business by either giving us a call or filling out an online form. We’ll ask a few questions about you and your business, then pair you with a factoring company within our expansive network.
Your business then goes through a quick approval process. Once approved, the chosen Delaware factoring company will ask you to send over the invoices you wish to be factored. They’ll then advance you up to 95% of the account receivables and keeps the rest as the reserve.
From there, your customer pays the factor on their normal payment terms. Once the customer pays the factor, the factoring company releases the rest of the reserve to you minus a small factoring fee.