Accounts Receivable Factoring helps speed up your cash flow and improve your working capital. When a company grows quickly, it tends to outgrow its limited working capital. Factoring is a great tool to easily improve your working capital.
Get the working capital you need to strengthen your operation. Timing is everything, and drawing out payments for work you’ve delivered can bring everything to a halt. Break the cycle, and know exactly when you’re getting paid and take back control of your operations with invoice factoring services.
We’ll advance up to 90% (or more) OF EVERY INVOICE TO YOU
Get the working capital you need to
strengthen your operation.
Our factoring partners will work with you to ensure you have the cash you need so you can work on what you do best, because you know your business better than anyone. Our team approach lets you run your business and when it’s time to invoice your clients, let us do the heavy lifting. Think of our business partners as an extension of your staff. They will handle the invoicing and collections so you have more time to focus on growing your business.
No Cash Flow Worries
Cover payroll, vendors and other expenses now – with speed and peace of mind.
More Cash For Growth
Factor all or only some of your invoices – Factoring gives you flexibility and control
Take on Larger Accounts
Pursue clients that will grow your business, but whose payment cycles may have been out of your funding reach.
Grow Your Business
Expand and grow your business with the backing of a financial company that can move as quickly as you can.
A Sample of Industries We Serve
Wholesale and Distribution
Trucking and Transportation
Oil & Gas
Q and A
What is Accounts Receivable Factoring?
Accounts Receivable Factoring is a great way for a company to improve their working capital by speeding up their cash flow. In a factoring relationship a company will sell their accounts receivable to a factor. The “factor” will advance payment against the receivables and collect directly from the end customer. In a non-recourse factoring facility, the factor assumes the risk of non-payment by the customer in certain circumstances.
How does the accounts receivable factoring process work?
Accounts receivable factoring involves the sale of accounts receivable to a factor. The accounts receivable factoring client sells goods or services to their customer and issues an invoice. The factor purchases that invoice at a discount and advances payment up to a certain percentage of the overall value (typically between 70% or more) The factor then collects payment directly from the end customer.
Does personal credit matter with accounts receivable factoring?
No. Credit decisions are made based off of the credit of the end customer (buyer) and their ability to pay the invoices in a timely manner.
When factoring my receivables, how do I submit an invoice to borrow against?
After delivering a product or service to your customer you simply invoice your customer and submit a copy of the invoice to the factor with the necessary paperwork (schedule of assignments). This can be done electronically or with paper invoices depending on how you are set up with your clients.
How much does accounts receivable factoring cost?
AR factoring costs vary depending on the quality of credits or customers you are dealing with and the size of the factoring facility. The projected volume of the deal can also affect the rate.
What is your advance rate for factoring?
80% is a standard advance rate for a new factoring client. The advance rate can go up or down depending on the financial condition of the client, strength of the end credits, and selling terms.
Let our best purchase order and factoring financing company help you grow your business and achieve your goals.