Turn Your Unpaid Invoices Into Cash
Don't wait for net terms. Our dedicated customer support team will guide you along the way.
Turn Your Unpaid
Invoices Into Cash
Don't wait for net terms. Our dedicated customer support team will guide you along the way.
Factoring lines up to
$5,000,000
Rates as low as
0.25%2
Approvals as fast as
24 hours
Start your application
Need Help? Call 855-739-8883
A line of credit gives you access to funds up to your credit limit which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses.
What is invoice factoring?
It is a transaction that allows your company to sell receivables to a third party at a discount. It is also known as account receivable financing, where asset-based financing are received by business owners an advance capital in exchange for their unpaid receive.
Small business owners across a wide variety of industries, clients who have issue to pay or refuse altogether are real. Every type of business is having circumstances that find themselves that affect industry loans as business loans.
Options are carefully in order to choose the right funding solution for up growing.
Access more capital
with full flexibility
Free up your cash
Unlike a traditional loan, there are no recurring payments when your customer pays by the invoice due date.
Transparent fees
Know exactly what you’re paying with our straightforward fees. We charge a simple weekly fee due when the invoice is paid.
Fund only what you want
You decide how many and which invoices to submit. Fund only what you need, when you need, without long-term contracts.
Get larger credit limits
Get a credit line based on the strength of your customers. As your sales grow, so can your credit limit.
What you need to get started
Minimum qualifications
- 530+ FICO
- 3+ months in business
- $10,000 in monthly revenue
- Your business is B2B
What you need to apply
- Basic details about you and your business
- Bank connection or year-to-date bank statements
- Basic details about your invoices
Ready to apply? Get started
Have more questions? Visit FAQs
How Does Invoice Factoring Work?
Using the factoring services means that company is growing and expanding without any receivable hit account. Growth is access to business capital and bank financing.
Invoice Factoring is used as a short-term quick fix for a business that is facing a cash flow slow down. Owners always want to resolve the root cause, non – paying customers. Dealing with unpaid invoices is crucial to the long-term health of the business that faces issues regularly.
When you consider factoring as an option, there is a difference between recourse factoring and non-recourse factoring. Contract factoring is financing agreement between the Construction Company and factor.
How it works
Fill out our quick & easy online application
We find the best possible offer for your business in minutes
Receive the funds in your account in under 24 hours
How to Qualify For Invoice Factoring?
The qualifying criteria for invoice factoring depend on loan that provides as invoice funding. Qualifying invoice financing is easier than qualifying for other types of business loans. The lender is more concerned about the reliability of business customers to pay their invoices, as opposed to borrows ability to repay loan.
Although business loans requirement may not be as important with invoice financing, it’s very likely that lenders look at factors like your credit score, time in business and annual revenue.
All the financing is stronger for your business qualification, like you can access invoice financing with most ideal rates and terms.
In the end invoice factoring is the only solution for B2B or service-based businesses that are looking for free cash up flow tied in unpaid invoices.
Invoicing can be expensive, especially when your customers are late to pay. Types of financing, you’ll consider and compare your option is ensuring that find best, most of the solutions for your business.
Why is it better?
Unlike traditional business loans, available through banks or credit unions, that look at your credit history, business & personal tax returns, our revenue based funding program only considers your business income over the last 3 months. This allows us to precisely determine your business’ performance and provide you with timely and competitive offers.
Don’t let cash flow issues distract you
Pros
- Flexible borrowing
- Typically no collateral required
Cons
- May have maintenance fee or withdrawal fee
- Good credit and consistent revenue required
Best for
- Short term needs
- Seasonal business to manage cash flow
Our 3 Step Process
Apply
Fill out our Quick Apply application.
We review your application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
Receive funding
Choose the program that fits you best and receive funding within 48 hours.
How do I qualify?
If you have been in business for at least 3 months and are depositing a minimum of $10,000/month, you are already pre-qualified for our revenue based funding program.
What can I use the money for?
There’s no restriction on what you can you use the money for, though we recommend putting the funds towards income multiplying activities. Our customers usually use the funds for: purchasing inventory, payroll financing, equipment financing, marketing campaign funding, business expansion capital.
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