Running your own business can be hard but it doesn’t have to be. Working with a Mississippi factoring company could give you the working capital you’ve been needing through invoice factoring.
What Is Invoice Factoring?
Invoice factoring, also known as accounts receivable factoring, is the process of selling active invoices to a factoring company for a cash advance.
Factoring Your Mississippi Business
All your company has to do to start working with a Mississippi factoring company is fill out an online form or give us a call. From there, we’ll match your business with a factoring company that best fits your needs.
Your business will go through a brief approval process. Once completed, you can send the invoices of your completed work to the Mississippi factoring company. The factor will then advance you up to 95% of the invoices. Your customers will then pay directly to the Mississippi factoring company. When the factor has received the payment, they will release the remaining percentage to your business minus a factoring fee. This process will leave you debt free and your business does not need to repay the factor.