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Working Capital/Invoice Factoring

What is Working Capital or Invoice Factoring?

Working capital when your business has unpaid customer invoices that you can’t wait to be paid. You can use invoices to get cash now. Advance your invoiced receivables today while you wait to get paid by your customer.

Best for businesses with unpaid invoices that need fast funding which is easier to get approved for compared to other similar options.

Pros:

  • Fast Cash

  • Fairly simple and easy approval

Cons:

  • Cost of borrowing may be high

Best For:

  • Business with invoice that need cash right away

  • Invoice with 30,60 or 90 day payment terms are best

Invoice Factoring

Basics of Factoring

Funding Amount$10,000 - $25,000,000 Dollar Lines
Advance80%-95%
Discount Rate0.3%-4%
Years In BusinessNo Requirments- Startups Welcome
QualificationsB2B or B2G companies with creditworthy csutomers
Repayment TermsRevolving line that is paid down as the clients pay the invoices to the factor on terms. Typically 30-90 days
Application ProcessEasy, Online and E-sign Enabled
Funding TImeTypically the same day or next day
Setup TimeAs quickly as 5-7 business days

OUR 3 STEP PROCESS

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1. Apply

Fill out our Quick application.

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2. We Review Your Application

We review your goals and present you with programs matching your needs, getting an offer in 24 hours.

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3. Receive Funding

Choose the program that fits you best and receive funding within 48 hours.

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