Waiting 30 to 60 days to get paid by a client is often a big problem for small business owners. Most have limited resources and can’t afford to wait that long for payment – especially when they have bills to pay.
Small business factoring helps business owners and self-employed individuals solve this problem by financing slow-paying invoices. Instead of waiting to get paid by your customer, you get immediate funding from us.
Use these funds to pay your bills, start a new project, and grow your business.
We specialize in working with small business owners and can offer financing at competitive rates. For an instant quote, please fill out this form. To speak to an expert, call us toll-free at (877) 300 3258.
Small businesses are different
When we started the company, we specialized in small business financing. We understand the small business market and know that it is substantially different. As specialists, we know how to help small business owners.
Small business owners don’t have the resources of larger companies and should not be expected to. We have adapted our processes to make sure that you – the small business owner – get the financing you need with minimal hassle.
The small business factoring program is designed to help companies that invoice less than $30,000 per month. Companies that invoice more than that should consider the regular invoice factoring program.
How does factoring work?
Factoring your invoices is relatively easy. We finance your invoice in two installments: the advance and the rebate. The advance is deposited to your account as soon as the work is completed and you submit an invoice to your client. The advance covers about 80% of the gross value of the invoice.
The rebate is deposited to your account once your client pays their invoice, usually in 30 to 60 days. The rebate covers the remaining 20%, less a small fee, and settles the transaction.
You can learn more by reading “How Does Factoring Work?”
Get funded quickly
Most transactions can get funded quickly, provided that:
- You submit a complete application
- Your clients have good commercial credit
- There are no major issues
For more information, read our factoring application tips.
We offer competitive rates and high advances. For an instant quote, please fill out this form. To speak to an expert, call us toll-free at (877) 300 3258.
Factoring your invoices has a number of pros/advantages that can help small business owners. A factoring program:
- Improves cash flow
- Allows you to offer 30-day terms to clients
- Is easy to get
- Offers a flexible line that grows
Do you qualify?
Qualifying for small business factoring is relatively easy. The program is available to small businesses and self-employed individuals who meet these criteria:
- Have commercial clients who pay in less than 60 days
- Have unencumbered invoices
- Are free of major tax or legal issues
Want to learn more about our program?
Are you evaluating small business factoring companies? We believe that our clients should make an educated decision. We keep an extensive library of articles about small business factoring in our finance learning center. Some popular articles include: