Do you need a factoring broker? Why choose Factor Finders?
Free Quote

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.

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

Get In Touch!

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.

Kentucky Factoring Companies:
Grow Your Business

Need capital to market your business? Don't blend in--stand out!--using Kentucky factoring companies. All you have to do to get started is contact us.

CONTACT US