Invoice Factoring, or Accounts
Receivable Factoring, is using your invoices as a way to receive instant capital without losing any control or interest in your organization.
Nearly instant approval and no wait time make our Factoring solutions a highly effective tool in your competitive arsenal.
We make it possible for your company to receive instant funding for whatever need or project you are working on. From making payroll, to getting cash immediately, to covering expenses or growth, we can help.
Are you forced to wait 30 to 60 days to be paid by your commercial clients? Waiting to be paid by your clients can be very challenging, especially if your business is a startup or growing quickly.
The solution is Invoice Factoring:
Invoice factoring can get your invoices paid in as little as 24-hours, providing you with financing to pay employees, suppliers or rent. More importantly, factoring your invoices eliminates the uncertainty of when you’ll be paid, allowing you to confidently manage and grow your business.
How does Invoice Factoring work?
Factoring invoices is very simple and helps you get reliable and stable cash flow. It can easily be integrated to your business and works as follows:
You deliver your product/service to your client.
You send an invoice to your client and send a copy to us (the factoring company)
We advance you up to 90% (the remaining 10% is used as a reserve)
You get immediate use of the money to pay suppliers, taxes and employees
We wait to get paid by your customer
Once we get paid, we rebate the 10% reserve (less a small fee)
You problably qualify for invoice factoring rates as low as 1%.
Invoice Factoring Costs:
Factoring your invoices can be very affordable, with the average monthly discount being between 1.5% and 3.5% per month. There are two major variables that we consider when determining the cost of a factoring transaction. They are the size of the transaction and the credit quality of your clients. If you’d like to get an instant cost estimate, please call 1-800-901-2418 to speak with someone immediately.