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Factoring

Invoice factoring is a way for small businesses to take out a loan against their unpaid customer invoices and quickly unlock funds from pending invoices for operational expenses and growth opportunities.

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A business advance collateralized by your outstanding invoices

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How factoring funding works

 

  • An invoice is a bill for goods or services already provided

  • A business sells its invoices to a third party (the factor) to meet its current obligations

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The rates are based on

 

  • The invoice holder’s creditworthiness

  • The length of time until the invoice will be paid

Questions

 

  • Are you currently factoring any invoices?

  • Do you presently have a need for additional cash flow?

 

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Documents which may be required

 

  • Sample Invoice

  • Accounts receivable aging report

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Good to know

 

  • We only factor business-to-business transactions

  • Residual account, represents an ongoing relationship

  • With factoring you have the chance to get paid for your invoices right away – no need to wait

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