What it is
Invoice factoring advances you a large portion of an invoice's value as soon as you issue it, instead of waiting for your customer to pay. When the invoice is paid, the remainder is settled, less the funder's fee. It converts your accounts receivable into working capital you can use today.
Because the funding is tied to invoices your customers owe, factoring often works for businesses that are growing faster than their cash flow allows. We match your receivables to the right funder in our network.
Best for
- ✓ B2B and B2G businesses that invoice on net-30, net-60, or net-90 terms.
- ✓ Companies whose growth is limited by the wait between delivery and payment.
- ✓ Staffing, logistics, wholesale, manufacturing, and service firms with reliable customers.
- ✓ Owners who would rather borrow against work already done than take on new debt.
How it works
Apply with a soft credit check, then share your accounts receivable. A specialist matches you to a funder, you receive an advance on your invoices, and the balance settles when your customer pays. The line scales as your receivables grow.