A financial arrangement where a business sells its outstanding invoices at a discount. In exchange for these invoices, the factoring company provides immediate cash to the business. The factoring company then assumes responsibility for collecting payments from the customers who owe the invoices.
N/A
.05-2%
up to $1m
24-48 hours
Factoring provides quick access to cash, helping businesses meet immediate financial needs, cover operational expenses, and invest in growth.
Factoring is not a loan; it’s a sale of assets (invoices). Therefore, it doesn’t create debt on the business’s balance sheet.
The factoring company assumes the risk of non-payment by customers, reducing the business’s exposure to bad debts.
The amount of financing is tied to the business’s sales, making it scalable as sales volume increases.
Factoring approval is typically faster than traditional loans because it relies on the creditworthiness of the business’s customers.
The business submits these unpaid invoices to the factoring company to collect so they can focus on the day to day
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