Factoring Companies in Memphis

Is your business looking for funding for a big project? What about to cover payroll? We can get your business set up with a Memphis factoring company that can get you the funds you need for any business expense. We listen to what you are looking for in a factoring company and match you with the best factoring company in your niche.

What is Invoice Factoring?

Invoice factoring is the process in which small businesses get advanced payments on their open invoices. Many times, businesses don’t get paid for 30-60 days. Invoice factoring provides funds on time so your business will never have to worry about paying bill late. Once we partner you with one of the best factoring companies in Memphis, your business will go through a brief approval process. Once your business is approved, you can begin sending them your open invoices. The Memphis factoring company will advance you up to 95% of your invoices and hold the rest in a reserve. Your customers will then pay for the invoices directly to the factoring company. Once the payment has been received, the reserve will be released to you minus a factoring fee.