Running your own business can be hard, but it doesn’t have to be. Working with Wisconsin factoring companies could give you the working capital you’ve been needing. How? Through a process called invoice factoring.
What is Invoice Factoring?
Invoice factoring, also known as accounts receivable factoring, is the process of selling active invoices to a factoring company for a cash advance.
Factoring Your Wisconsin Business
All your company has to do to start working with a Wisconsin factoring company is fill out an online form or give us a call. From there, we’ll match your business with a Wisconsin factoring company that best fits your needs.
Your business will then go through a brief approval process. Once completed, you can send the invoices of your completed work to the Wisconsin factoring company. From there, the factor advances you up to 95% of the invoices.
Your customers will then pay directly to the Wisconsin factoring company. When the factor has received the payment, they will release the remaining percentage to your business minus a small factoring fee.
This process will leave you debt free and your business does not need to repay the factor.