Columbus Factoring Companies Help Small Businesses Succeed
Is your business having some unexpected problems when it comes to working capital? Try accounts receivable factoring, a well-known funding solution or cashflow fluxes.
Invoice factoring – a process that involves selling your invoices for a cash advance. Also known as accounts receivable factoring.
Running a business is hard. Factoring your Ohio-based business isn’t.
- Receive your funds fast – in as little as 24 hours.
- Get the lowest rates in your industry.
- Invoice factoring doesn’t contain hidden fees or long-term contracts.
- It’s flexible. You have the ability to pick and choose which invoices you factor.
How Do I Factor my Invoices?
All your company has to do is give us a call. From there, we will pair you with an invoice factor in Columbus that best fits your business’ needs. Once your company goes through a quick approval process, you can begin selling your invoices to an Ohio factoring company.
The factor you sell your invoices to will then verify with your customers that there was an exchange of goods or services. Then, the factor will pay your Columbus business up to 95% of your invoice total up front. The rest will be held as a reserve. When the customer pays, the Columbus factoring company will release the remaining funds to you, minus a small factoring fee.