Invoice Factoring
Invoice Factoring is an alternative financing for a business to sell its outstanding invoices for immediate cash. Invoice factoring allows businesses to unlock the cash value of their invoices before their customers pay their bills, improving cash flow and working capital. After invoices are submitted and verified, they are mostly funded by the factoring company within 24 hours.
Your business needs working capital in order to take on new business, grow your business or manage everyday expenses. It’s tough to build your business when you’re waiting on your customers to pay for 30, 60 or 90 days.
Factoring your invoices allows you to get paid right away. Instead of waiting for idle invoices to get paid, send them to the factoring company to get paid right away. Once they buy your invoices, they become your accounts receivable department.
The factoring fee typically ranges from 1% to 5% of the invoice value per month. The specific fee depends on factors such as invoice amount, sales volume, customer creditworthiness, etc. Submit the form to get a quick quote!
