InvoiceFactoringHQ.com – Helping You Grow Your Business

Invoice Factoring Programs For Cash Now

Slow paying customers preventing business growth? Have you been turned down for bank loans? It takes capital to grow and succeed in today’s economy. Without access to capital, your company is at a distinct disadvantage. Why limit your opportunities when there is a simple solution? If you’d rather spend your time making money instead of waiting to get paid, we have the answer. We can help find you a wide variety of invoice factoring programs to provide your business with a continuous source of operating capital allowing you to pay creditors promptly, meet payroll, maintain overhead expenses, pay taxes or simply relieve the financial burden experienced during rapid growth periods.

What is Invoice Factoring?

Invoice factoring is the purchase of accounts receivable for immediate cash. Invoice factoring gives businesses the power to ensure growth without diluting equity or incurring debt. When you need fast cash flow to operate your business, invoice factoring can help. We work with a nationwide network of factoring companies to offer a variety of business funding solutions including invoice factoring, payroll funding, asset-based lending, purchase order financing and more.

If your company struggles with business cash flow, invoice factoring (also known as accounts receivable factoring) can help you obtain the funding you need to prosper. Whether you are a new business, or have been in business for a while, if you feel as if you are fighting an uphill battle as far as funding is concerned, we can help you get on track with invoice factoring.

How Does Invoice Factoring Work?

A factoring company buys your open invoices at a discount and immediately advances you the cash (anywhere between 70 - 90 percent). The factor bills your customers according to their current terms. When the invoices are paid in full, the factor returns the discounted amount to you, minus a small factoring fee for services provided.

Essentially, invoice factoring is a quick and simple way to access immediate debt-free working capital. Decisions for invoice factoring are based on the financial strength of the customer, not the client. Another perk of invoice factoring is the fast application and approval process. Very little underwriting is required, so clients will receive funds within 3-5 days of submitting an application.

Invoice Factoring Benefits

• Approval of 3 to 5 days for first time applicants
• 24-hour or less turnaround time to get cash
• No bank loan to repay
• Invoice factoring does not create a negative item on your balance sheet
• A factoring company does not check your credit; in fact, they rely on the credit of your customers
• With increased funding, you will have the ability to take advantage of vendors' early pay discounts
• Invoice factoring requires no complicated paperwork
• Clear and flexible factoring terms with no hidden fees
• Invoice factoring fees at industry low rates between 0.69% to 1.59% for 30 days