Grow Your Business With New York Factoring Companies

Does your small business need more capital to hire new employees, take on a new project or put a down payment on a new workspace? Start invoice factoring.

Accounts receivable factoring, also known as invoice factoring, is the process of selling your active invoices to a factoring company for a cash advance.

Invoice factoring can get your company money in as little as 24 hours. Factoring isn’t debt, either, so you’re not required to put assets down as collateral or pay back a loan.

How Do I Find the Best Factoring Company in New York for my Business?

Find the best factoring company in New York by giving us a call or filling out one of our online forms. Instead of spending hours scouring the web for different companies with various rates, let us do the work for you. We’ll talk to you about your business’ goals, needs and wants. Then we’ll match you with the best New York factoring company that meets those specifications.

What are the Steps of Invoice Factoring?

The factoring company that you have been matched with will put your business through a short approval process.

Once approved, your business submits invoices for work completed or services provided.

The factoring company then contacts your customers, verifying the service was completed or order was filled. When verified, the factoring company advances your business up to 95 percent of the accounts receivables, keeping the rest as reserve.

Once your customer pays the factoring company, the reserve is released to your business minus a small factoring fee.