Need extra capital for your business? The factoring companies in Wyoming have you covered. If you’re unsure of which one to choose, give us a call or fill out a form. We’ll match your company with the Wyoming factoring company that best fits your wants and needs.
What is Invoice Factoring?
Invoice factoring: The process of selling active invoices to a factoring company for a cash advance. Also known as accounts receivable factoring. It’s service used by small businesses to get the money they need to grow.
How Does Invoice Factoring Work?
Factoring is simple! First, contact us by giving us a call or filling out an online form. We’ll ask you some questions and pair your company with a Wyoming factoring company that best fits your business.
- A Wyoming factoring company will have you go through a short approval process. The factor never looks into your business’ credit, just the credit of your customers.
- Once you have been approved, you will send the Wyoming factoring company your open invoices. They will advance your business up to 95% in as little as
- 24 hours. Yes, it’s that fast!
- Your clients will have the freedom to pay for their invoices at their convenience directly to the factoring company. Once it has been paid, the remaining percentage will be released to your business, minus a small factoring fee. Simple as that.