Numerous businesses operate on net terms and may require immediate funds. Invoice factoring offers a solution to access your receivables without incurring debt, ensuring a continuous cash flow to facilitate growth.
Applying is free and will not impact your credit score.
AR lines of credit from $100,000 – $10,000,000.
Application to funding in 5-7 days.
Receive funds in minutes.
Full AR management. Get detailed reporting and analytics.
Transparent pricing, no hidden fees.
Grows with your business.
Non-notified line of credit. You control the relationships.
Do not have to be profitable, no financial covenants.
Getting Started
Invoice factoring, also known as accounts receivable financing, offers swift financial relief to businesses awaiting payments from customers within 30, 60, or 90 days. With this solution, business owners can promptly convert unpaid invoices into accessible working capital. Upon approval, funds are typically disbursed within a few business days. The factoring company, in its acquisition of the invoice, deducts its fee – Universal Funding, for example, offers fees as low as 0.55%. Typically, they advance between 80% and 95% of your accounts receivable.
Factoring rates can vary, ranging from below one percent to over five percent of the invoice's face value. When assessing an application for the factoring rate, the factoring company considers factors such as a company's sales volume, the creditworthiness of its clients, payment trends within the industry, invoice amounts, and the overall economic climate within the industry.
Invoice factoring transforms your accounts receivable into working capital without incurring debt or additional liabilities. Factoring isn't contingent on your credit score, collateral, or the involvement of investors, making it more accessible to companies that have encountered previous cash flow challenges.
Collaborating with a factoring company provides you with the freedom to utilize the funds as needed, a departure from the constraints often imposed by traditional financial institutions. You can allocate the funds to meet essential obligations, such as payroll and other critical payments, and you have the flexibility to do so without the need for repeated applications. Selling your accounts receivable offers a flexible financing option that can seamlessly adjust to your business's growth without the burdensome paperwork often associated with other financing methods.
Contact us today, and our team will assist you through the Invoice Factoring process.
