VIRGINIA FACTORING COMPANIES

Need Working Capital? Call a Virginia Factoring Company

What could your business do with extra working capital? Hire new employees? Buy new equipment? Take on a new project?

If any of those options sound appealing to you or to your business, consider using invoice factoring.

What is Invoice Factoring?

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

What Are the Steps of Invoice Factoring?

  • Tell us about your business by either giving us a call or filling out a simple online form.

  • We’ll match you with a factoring company in Virginia that meets your business’ wants and needs.

  • The factoring company will put your business through a quick approval process.

  • Your business submits invoices for completed work.

  • The factoring company checks with your customers to verify that the work has been done or service has been provided.

  • Your business receives up to a 95 percent advance on your invoices from the factoring company, with the rest of the invoice money being held as reserve.

  • Your business’ customer pays the factor on their normal payment terms.

  • The factoring company releases the reserve to your business, minus a small factoring fee.

West Virginia Factoring Companies

Factoring Companies in Virginia Work With All Industries

As long as your business is B2B and has unpaid invoices, factoring companies can work with you! It doesn’t matter how long you’ve been in business or what sort of industry you’re in.

Technology Industry Factoring

Technology:  Does your technology business need extra capital for new parts? Virginia factoring companies can get you the money you need for any business expense.

mining industry

Mining: Need to cover costs and payroll for your mining business? Let us match you with a factoring company in Virginia that meets your needs.

agriculture industry

Agriculture: If your agriculture business needs capital to buy seeds or new equipment, work with a factoring company. They can get you the money you need in as fast as 24 hours.

Request a Quote

Request a quote from our extensive factoring company network.

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More Industries Served in Virginia

staffing industry

construction factoring

trucking industry

Staffing

 Tell us what you’re looking for in a staffing factoring company and we’ll match you with someone who fits your needs.

Construction

We work within the construction industry to get companies the cash flow they need to expand their business, hire employees and make payroll.

Trucking

Let us help get your trucking company the funds it needs to grow. We specialize in the trucking industry and will work to find you a factor with the lowest rates.

Grow Your Business With a Virginia Factoring Company

Take on more customers, work with a large order or expand your business into a new space using invoice factoring. Have questions? Check out our FAQ or give one of our factoring experts a call. We’ll be happy to talk to you.

What are the Benefits of Factoring?

  • It’s fast! Once approved, businesses can get funding in as little as 24 hours.
  • It’s easy! All you have to do to get started is fill out an online form.
  • It’s not debt! Factoring isn’t debt, so you don’t have to put assets down as collateral or worry about a loan to repay.

Factoring Companies Near Me

Is your business outside of Richmond, VA? No worries.

We can get your company set up with one of the factoring companies located in our extensive nationwide network.