Businesses owners work from sun up to sun down making their business the best it can be. When you need extra money for businesses expenses, the last thing you want to do is search for the most credible source to get it from. That’s where we step in.
We offer a nation-wide network of factoring companies to choose from. We take the next step by listening to what your business needs and match you with the best Maine invoice financing company to work with you. No matter what industry or specialty, we will make sure you get the best rates with no hidden fees.
What is Accounts Receivable Factoring?
Accounts receivable financing, also known as invoice factoring, is a service used by small businesses to get the money they need to grow. The money received is an advancement from your hard earned invoices. This way you don’t have to wait for slow paying customers, you get the money as soon as you send over the invoice. Pretty easy, right?
- A Maine factoring company will have you go through a short approval process that will take three days. The factor never looks into your business’ credit, just the credit of your customers.
- Once you have been approved, you will send the Maine factoring company your open invoices. They will advance your business up to 95% within 24-hours. Yes, it’s that fast!
- Your clients will have the freedom to pay for their invoices at their convenience directly to the factoring company. Once it has been paid, the remaining percentage will be released to your business, minus a factoring fee. Simple as that.