Factoring

Factoring, also known as Accounts Receivable Financing, is the real-time exchange of your receivables for cash.

Factoring is a good option for business owners who may run into cash-flow management issues due to seasonality, logistical errors, damaged inventory, and to help grow your product offerings.

Funding Criteria

Fico Score

550+

Funding Amount

$3,000 – $5,000,000

Term Length

Not Applicable

Time in Business

3 Months+

Time to Fund

As Little as 24 Hours

Personalized approach

The lender will evaluate your business to determine the percent of outstanding receivables they are willing to provide. To calculate the percent of receivables that a funding company is willing to advance, the lender will consider such points:

your business size
the quality of the outstanding receivables
the likelihood of speedy repayment

How does it work?

A cash advance is provided based on the total value of outstanding invoices being factored

You will receive between 50-90% of the total value upfront

Once the outstanding invoices have been paid you will net the remaining invoice value minus the factoring fee. Typically between 3-8% of the total value

Get funding offers