Factoring Companies in Wisconsin for Your Business
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.