Have a small business? Need extra capital to make your current payroll, hire new employees or pay for advertising? Consider invoice factoring! If you have active invoices and are considered B2B, you almost always qualify!
Accounts receivable factoring, also commonly referred to as invoice factoring, is the process of selling your active invoices to a factoring company for a cash advance.
How Does My Business Start Factoring?
All your business has to do to begin the factoring process is either give us a call or fill out an online form. From there, we pair your business with a factoring company in Oklahoma that best fits your needs.
The factoring company will then put your business through a quick approval process. Once approved, your business starts submitting invoices for completed work. The factoring company will contact your customers and verify that the service or order listed on the invoice was completed or order was filled.
From there, the factoring company advances your business up to 95 perfect of the accounts receivables and keeps the rest as reserve. The factoring company releases the reserve to you minus a small factoring fee once your customer pays the factor for the active invoice.