New Jersey Factoring Companies Support Small Businesses

Running a small business is tough. If your company needs a little help in the form of capital, invoice factoring is for you.

What is Invoice Factoring?

Accounts receivables factoring, also commonly referred to as invoice factoring, is the process of selling active invoices to a factoring company for a cash advance.

How Does Accounts Receivable Factoring Work?

• You either give us a call or fill out our online form, which gives us information about you and your business.
• We match you with a factoring company in New Jersey that best fits your needs.
• The factoring company puts your business through a quick approval process.
• Your business submits invoices for completed work.
• The factoring company contacts your business’ customers and verifies that a service was completed or the order was filled.
• The factoring company advances your business up to 95 percent of the accounts receivable and keeps the remaining amount as reserve.
• Your customer pays the factoring company on their normal payment terms.
• The factoring company releases the reserve to your business, minus a small factoring fee.