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
Basics of Factoring
| Funding Amount | $10,000 - $25,000,000 Dollar Lines |
| Advance | 80%-95% |
| Discount Rate | 0.3%-4% |
| Years In Business | No Requirments- Startups Welcome |
| Qualifications | B2B or B2G companies with creditworthy customers |
| Repayment Terms | Revolving line that is paid down as the clients pay the invoices to the factor on terms. Typically 30-90 days |
| Application Process | Easy, Online and E-sign Enabled |
| Funding TIme | Typically the same day or next day |
| Setup Time | As quickly as 5-7 business days |
OUR 3 STEP PROCESS
1. Apply
Fill out our Quick application.
2. We Review Your Application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
3. Receive Funding
Choose the program that fits you best and receive funding within 48 hours.