Invoice factoring is a type of financing based on accounts receivable. Many businesses struggle with cash flow when their customers pay late, but invoice factoring finance can close the gap and help businesses have access to cash. In an invoice factoring situation, a factoring company will purchase your business’ account receivables and give you a cash advance covering 80%-85% (this percentage can vary) of your invoices. The factoring company will collect the full amount from your customers and will provide the remaining percentage (15-20%) to you (after fees) once your customers pay.
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