factoring
Turn unpaid invoices or purchase orders into working capital. Get fast access to funds without taking on new debt.
factoring
Improve cash flow with contract and accounts receivable factoring
You rely on your customers to pay on time. But when payment deadlines are months away, it can be difficult to stay on top of your own payment deadlines. Factoring is a valuable tool to help you stay on top of expenses, avoiding late fees and overage charges. Factoring lets you sell your AR assets to a factoring company for immediate cash. Your client pays their bill directly to the factoring company. The company recovers their factoring fee and forwards any remaining cash on to you. Factoring relies on your customers’ credit history, not yours, so you can get the money you need without worrying about a hard pull on your credit. It doesn’t add debt to your balance sheet and handles your payment processing duties for you. To find out if factoring is for you, contact us today.
Steps to Funding
Secure funding in 3 simple steps
Step 1 - Fill out an application
Step 2 - Connect With a Lender
We review your application and match you with the right lender for your loan type. You'll get clear terms and next steps fast.
Step 3 - receive your funds!
After you accept the offer and sign the agreement, funds are typically disbursed to your account within a few days.
Financing Options
Invoices
Factoring lets you get an advance on large invoices or bundled invoices before your customers pay. Don’t wait months to see the revenue you’ve already earned. Use factoring to get paid today and manage your business expenses with ease. Got questions about factoring? We have the answers! Contact our brokers today.
Contracts
When you have an ongoing contract with a reliable customer, you can utilize that contract to accelerate your revenue. Contract factoring lets you factor a large amount of invoices and gives you a discount on factoring services. Our brokers can show you how to use contract factoring to improve your cash flow forecasting today.
Purchase Orders
Purchase order factoring helps your business increase its product availability, enhance sales, and offer flexible credit terms to its customers. Factoring enables you to take on additional orders and ensures you’re never too short on cash to complete them. Let us show you how purchase order factoring can boost your business today.
Factoring
FAST
AFTER YOU APPLY RECEIVE CASH IN 24 HOURS OR LESS
FLEXIBLE
ELIMINATES AR TASKS ALLOWS TEAM FOCUS
OPTIONS
HELPS RETAIN LOYAL CUSTOMERS
RELIABLE
AVOID OVERDRAFTS AND LATE PAYMENT CHARGES
Got Questions?
WE’ve got
answers!
Q. Can factoring improve my credit?
Factoring can do a few things that might boost your credit score. First, it enables you to meet debt obligations on time, which can positively affect your credit. Secondly, factoring is a sale, not a debt, so you can get financing without adding debt to your balance sheet. To find out more, contact us today.
Q. How much does factoring cost?
Factoring is typically far cheaper than taking out a business loan. Most factoring firms charge 3% or less in factoring fees. There may be additional fees like due diligence and closing fees, depending on the factoring company. Check with our dedicated broker for details.
Q. How often can I factor my invoices?
There’s no limit on how often you can utilize factoring to boost your cash flow. While individual invoices can only be factored once, you can factor additional invoices as needed. You can also factor a contract, which allows you an advance on each invoice in that contract. Ask us for details.
Q. When is factoring not a good fit?
Factoring is a great tool, but it’s not always the right tool. To use factoring, your business must have accounts receivable assets to sell. If you receive payment in advance or on delivery, factoring is not for you. We’ll help you find alternative solutions like lines of credit and working capital loans. Reach out to us today.
Ready to Get Funded?
We help you find the right lender, present a strong application, and close fast. Get direct access to funding options that match your business needs.
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