If you’re a business owner, you know it can be difficult to grow your business without access to working capital. You have to pay bills, keep up your workspace and pay your employees – how can you afford to upgrade equipment, get new material or take on new larger projects?
Invoice factoring is your solution.
Accounts receivable factoring, also known as invoice factoring, is the process of selling your business’ active invoices to a factoring company for a cash advance.
How Does My Vermont Business Start Factoring?
Once we match you with the best Vermont factoring company for your niche, your business will go through a quick approval process. Once you are approved, you will send invoices of your completed work to the factor. The Vermont factoring company will advance you 95% of your invoices within 24-hours. Your clients will then direct the payment to the factor. Once payment has been received by the Vermont factoring company, the remaining percentage will be released to you minus a factoring fee.