KENTUCKY FACTORING COMPANIES

Factoring Companies in Kentucky for Small Businesses

If your small business needs funding, don’t turn to a bank for a loan. 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.

The process is small business friendly. As long as you have companies that are willing to do business with your company, you can most likely get funded! Use the extra capital to hire new employees, take on larger projects or purchase much-needed equipment.

Kentucky Factoring Companies

How Does Factoring Work?

The first part of factoring relies on you! Tell us about your business—give us a call or fill out a form, either way works.  Based on what you tell us about your business, we’ll match you with a factoring company in Kentucky that best fits your needs.

That factoring company will then put your business through a short approval process. Once approved, your business can begin submitting invoices for work completed. The factoring company will contact your customer or customers and verify that the service was completed or the order was filled.

The factoring company then advances your business up to 95 percent of the accounts receivables, keeping the rest as the reserve. Your customer pays the factoring company on their normal payment terms, and the factoring company releases the reserve to you minus a small factoring fee.

Why choose invoice factoring over a bank loan?

Bank loans:

  • Require your business to pay back interest over time
  • Have a funding cap
  • Take months to get approved for
  • Rely on your company’s operational and credit history for approval
  • Are tough for startups to obtain

Invoice factoring:

  • Leaves you with no debt to repay
  • Has unlimited funding potential
  • Features fast approval, normally within 3 to 5 days
  • Relies on the credit strength of your clients for approval
  • Is open to funding startups

Kentucky Factoring Companies Serve All Industries

If your business is B2B, we can help secure funding for you. It doesn’t matter what industry you belong in or how long your business has been open.

tourism factoring

Tourism:  Is your tourism business trying to expand? A Kentucky factoring company can provide you with the funds you need to make it happen.

transportation factoring

Transportation:  If your freight business could use quick cash to pay for payroll or set up fuel cards, contact a factoring company in Kentucky.

startup factoring

Business Services: Does your start-up need assistance regulating cash flow? A Kentucky factoring company can help your business get your finances in order.

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Request a quote from our extensive factoring company network.

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More Industries Served in Kentucky

staffing

distribution industry

construction factoring

manufacturing factoring

Staffing

Tell us what you’re looking for in a staffing factoring company and we’ll match you with someone who fits your needs.

Distribution

 Does your small business provide distribution services and need funding fast? We can help you find a factor to increase your cash flow.

Construction

We work within the construction industry to get companies the cash flow they need to expand their business, hire employees and make payroll.

Manufacturing

Let us help get your manufacturing company the funds it needs to grow. We  will work to find you a factor who fits your needs.

Factoring in Kentucky: First Place Potential

With all the businesses calling Kentucky their home, it can be difficult to stand out. Make sure your company is the center of attention – use factoring to finance a new advertising or marketing campaign.

Need to expand into a new location? Factoring can help with that too. You’re free to do whatever you wish with the money from factoring invoices as long as you’re using it towards business expenses.

Factoring Companies Near Me

Is your business outside of Louisville? That’s not a problem. We work with a nationwide network of factoring companies that are waiting to help you fund your business.