Loyal – Trustworthy – Driven

Factoring

Need fast cash for your business but don’t want to add debt to your balance sheet? Factoring lets you leverage accounts receivable assets to get immediate financing. Let us show you how today!

Apply Now

What is Factoring?

Factoring is the sale of your business’s accounts receivable assets to a financial company called a “factor.” A factor buys invoices, purchase orders, and contracts that your clients have yet to pay. You get a lump sum payment up front and the factor recoups their cost when your customer pays on their account. Any excess cash goes back to your business, minus a factoring fee.

Depending on the industry, it’s customary to offer clients 30 to 90 days to satisfy their outstanding balances. If your business needs to cover expenses in the meantime, it could cause strain on your finances. With factoring, you can get what you need to keep business moving without all the waiting around. Connect with our experienced factors to leverage your AR now.

Types of Factoring

Invoices

Why wait around for weeks, waiting for your clients to pay when you could have cash in hand right away? Offering extended payment terms may benefit client relations, but leave you short of money. Factor one or multiple invoices by utilizing our professional network.

Purchase Orders

A purchase order is a promise to pay once goods and services are delivered. But if you don’t have enough materials to satisfy the order, you risk losing clients. Get what you need from our factors right away so you can deliver on time.

Contracts

Use your established relationships to advance funding to your business. If your clients are prompt and reliable with their payments, you can leverage your contracts to get financing from a factor.

Advantages of Factoring

Factor as many or as few accounts as you need.
Avoid the hassle of collection.
Specialized factoring is available for certain industries.
Free up cash to reinvest in your business growth.

Frequently Asked Questions

When is Factoring not a good fit?

If your business doesn’t have accounts receivable, factoring won’t be an available option. In this case, we can help you explore lines of credit, hard money loans, and other forms of short-term financing.

How does a factor affect client relationships?

Not all factors interact with your clients in the same way. For many, a simple notice of where to send payment is the only contact the factor sends. If you need a factor with minimal client interaction, we can match you up with a firm that fits your needs.

Does factoring require good credit?

Factors examine the creditworthiness of your clients more than your business’s credit history. Since it’s the client who repays the factor, their reputation for reliable, on-time payments is more important.

How much value can I get per account?

Your business’s AR can be factored as high as 90% or more. Each factor evaluates the account based on your client’s ability to repay. We’ll make sure you get the highest value available.

Our Process

Consultation

Unlike online lenders, we work with you to understand your goals and objectives for your business. Applying the right financial instrument with the right terms to each objective sets up a path for success. We’ll help you position your business for funding.

Placement

Unlike banks and other traditional lenders, we aren’t drawing from a single source of funds with a single set of terms. We aren’t trying to ‘sell’ you on a loan package. Instead, we facilitate placement of your loan with like minded lenders based on your plan.

Funding

We help you evaluate the terms offered by each prospective lender and we negotiate on your behalf to secure the best terms available for your business. Not only that, we are here for you in the road ahead. As you grow and evolve we will support with information and future financing opportunities.

GET FUNDED NOW