Invoice factoring
If your customers are businesses that pay on terms, factoring turns those unpaid invoices into working capital, so you’re not waiting on payment day to make payroll or take the next order.
How it works
Because approval focuses largely on the strength of your customers and their payment history, factoring is a practical option for growing businesses whose sales are outpacing their cash.
With recourse factoring, you remain responsible if a customer doesn’t pay. With non-recourse factoring, the factor takes on some or all of that credit risk. Each structure has trade-offs, and we’ll explain them in plain language.
In many arrangements customers are notified to send payment to the factor. Some providers offer confidential arrangements where your customers keep paying you as usual. We’ll show you which options are available for your business.
Who it fits
Fund materials and production while customers pay on 30 to 90 day terms.
Keep inventory moving even when large customers pay slowly.
Get paid for loads quickly instead of waiting on freight invoices.
Cover weekly payroll while clients pay monthly.
Smooth cash flow for firms that bill other businesses on terms.
Funding that grows automatically as your sales grow.
Is it right for you?
You invoice creditworthy businesses, your customers take 30 days or more to pay, and you need cash that keeps pace with your sales.
If you sell to consumers or want funds for a range of purposes, a line of credit may be the better tool. Many businesses use both.
How it works
One short form or a quick call. Your name, business and what you’re looking for. No documents to start.
Your file goes to the lending partners most likely to approve it on the terms you need.
We walk through each offer side by side: amount, term, payments and conditions. You choose.
Once you accept, we help you through closing so the funds reach your account quickly.
Factoring is generally structured as the sale of your receivables rather than a traditional loan. You receive cash for invoices you’ve already earned, and the factor collects payment from your customer.
Usually invoices to creditworthy business or government customers, for work that’s already been delivered, that aren’t past due. Invoices to consumers generally don’t qualify.
Often, yes. Some providers let you choose which invoices or customers to factor, while others work with your full receivables ledger. We’ll find the structure that fits.
Setting up a new account takes a little longer while the factor reviews your customers. After that, funding on new invoices often arrives within a few business days.
Reputable factors handle collections professionally. Confidential options also exist where customers keep paying you directly. We’ll walk you through how each provider works.
Other ways to finance
Business loans
One short form or a quick call. We’ll compare factoring options for your receivables.
Get in touch
Send us your details and a financing specialist will call you back with options from our lending partners, side by side. No obligation.
Takes about a minute. A specialist will call you back.
