From the outside, financial help can be a scary concept to think about for small businesses. It doesn’t have to be this way. Working with an Idaho factoring company could give you the working capital you’ve been needing through invoice factoring.
What Is Invoice Factoring?
Accounts receivable factoring, also commonly known as invoice factoring, is the process of selling active invoices to a factoring company for a cash advance.
How to Factor My Idaho Business:
Idaho factoring companies can revive your cash flow and give you the room to expand.
The process of factoring is much quicker than a bank loan. Fill out a quote form or give us a call. It starts off with a simple approval process. The Idaho factoring company will check into the credit of your customers, not your business. Once you are approved, you will start sending the factor invoices for your business’ completed work. The accounts receivable factor will then advance you up to 95% of the invoices. Your customers will pay for their invoice directly to the Idaho factor. Once the money is received, the factor will return the remaining percentage minus a factoring fee.