Up To $400,000
Pre-qualify For Up To $400,000
Convert pending invoices into upfront cash easily. Invoice factoring doesn’t just unlock capital when you need it, it gives you the flexibility to use it as you need:
✔ Equipment, inventory, or supplies
✔ Employee salaries
✔ Short-term projects
✔ Repair emergencies
As Little As 1-2 Days
Rather than waiting 30 to 120 days for your customers to pay you, invoice factoring provides you with a fast business loan within 1-2 business days.
✔ Apply in just 10 minutes
✔ Get approved in as little as one day
✔ Receive the funds in your account within 48 hours
The 411 On Invoice Factoring
And how can it help you maintain a stable cash flow and protect your annual revenue?
✔ Small business owners sell outstanding invoices to factoring companies (the factor) at a discounted rate
✔ The factor advances a lump sum up to 95% of the value of the invoice
✔ The factor then collects all payments directly from the client
✔ The factor sends the remaining balance to the business, minus any factoring fee, which is typically an agreed-upon percentage
Have a question about how this works? Our loan experts are happy to help.
As Low As 1.09
We don’t just see you as a P&L sheet, we see the potential behind your business. Get business financing that lets you grow, not owe:
✔ Holistic approach to approval that assesses the number of invoices, type of industry, creditworthiness, and other factors
✔ Factoring fees between 0.5% and 4.0% that reflects your business, not just a credit score
✔ No surprise fees: we’ll tell you when fees may be charged and how much
Invoice Factoring: Advantages and Disadvantages
Is factoring right for your business? Factoring is ideal for businesses that regularly have outstanding invoices and experience cash flow issues as a result.