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Factoring

Factoring is the sale of a company’s accounts receivable assets at a discounted rate in exchange for immediate cash.
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Factoring
Advantages

No Debt

Fast Cash

Low Fees

No Credit Needed

What is Factoring?

Don’t wait weeks or months for your business customers to pay on invoices, purchase orders, and contracts. You can get the cash they owe right away and leave collecting up to someone else. Customers send payment directly to the factor, which recovers its costs and sends the rest to you.

When you sell your AR assets to a factoring firm or “factor,” you get paid as soon as you’re approved. Factoring eliminates the wait and allows you to buy inventory, meet payroll, and bring in new materials when you need them. You don’t take on new debt, just pay a small factoring fee, usually between 3% and 5%. Bad credit isn’t a problem because the factor looks at your customer’s payment history and not your credit score.

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How to Effectively Apply Funds

Factoring helps you manage business costs by bringing in cash right away, eliminating the wait time between invoicing and payment. Your bills will keep coming in, whether your customers pay you on time or not. Selling your accounts receivable to a factor gives you the cash you need right away so you can avoid late fees and collection costs.

Your business can grow faster when you have the ability to take on larger orders without waiting for payment on smaller orders to bring in the money you need for materials, labor, and inventory. Factoring is a smart way to boost cash without taking out a high interest rate loan. Ask us how to utilize factoring to save your business money.

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Financing Options

Extend payment terms without taking the pain associated with delayed payment.

Invoices
You don’t have to wait for your customers to pay their invoices before you take action. Sell one invoice or a combination of AR assets to a factor and boost your cash flow now. Then, manage immediate debt or fund special projects with ease. Let us show you how.
Purchase Orders
Government agencies and other companies often use purchase orders to settle the terms of a sale before payment is due. Once you’ve delivered your end of the deal, it’s time to await payment. When you use factoring, you eliminate the wait time so you can move forward with the next order.
Contracts
When you don’t want to factor one invoice at a time, consider contract factoring. In most cases, you can reduce your factoring costs by selling an entire contract. This reduces your accounting costs and brings in more cash for your business. Get paid at the same time each month and simplify your accounting.

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Get started with a quick, no-credit-pull application. We'll begin positioning you for financing before we conduct a discovery call. When we talk, we'll have further questions AND initial insights that may help you accelerate your path to funding.

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Facts, Answers & questions

Q. What is contract factoring vs. spot factoring?

Spot factoring is when you sell one invoice at a time to a factoring firm. Contract factoring lets you sell all of the invoicing from a specific company to the factor.
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Q. What is contract factoring vs. spot factoring?

Spot factoring is when you sell one invoice at a time to a factoring firm. Contract factoring lets you sell all of the invoicing from a specific company to the factor.

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Q. Can I use factoring with bad credit?

Since factoring relies on your customer’s ability to pay their accounts, their credit is under more scrutiny than your business’s. This makes factoring a great choice for businesses that are ineligible…
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Q. Can I use factoring with bad credit?

Since factoring relies on your customer’s ability to pay their accounts, their credit is under more scrutiny than your business’s. This makes factoring a great choice for businesses that are ineligible for loan based financing.

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Q. Where can I sell my accounts receivables for cash?

A factoring firm lets you sell your AR before your customers pay. You get cash in as little as 24 hours instead of waiting weeks or months. But not all factors are created equal…
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Q. Where can I sell my accounts receivables for cash?

A factoring firm lets you sell your AR before your customers pay. You get cash in as little as 24 hours instead of waiting weeks or months. But not all factors are created equal. Find out which have the best rates and the lowest fees by working with our brokers.

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Q. How much does factoring cost?

Although factoring is not a debt, there are fees associated with this service. The average factoring fee is between 3% and 5% of the account value. There may also be interest charges that depend on how…
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Q. How much does factoring cost?

Although factoring is not a debt, there are fees associated with this service. The average factoring fee is between 3% and 5% of the account value. There may also be interest charges that depend on how long your customer takes to pay. We can help you chose the right factor based on your business model. Call us today.

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Our brokers are here to assist you in finding the right funds at the right rate in the right amount of time to move ahead.

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