Invoice Factoring

Not long at all. It typically takes between 3-5 business days for the initial underwriting and funding process. After that, we typically fund within 24 hours of receiving an invoice, often the same-day.

Here’s an overview of the process from beginning to end:

• You send us your completed application and AR aging for initial review
• We review everything, share a proposal and complete underwriting
• Our operations team sets up your new payment address with your customer and confirms invoices.
• Once everything checks out, you’ll receive the advance within 24 hours of verification
• We keep an eye on invoices and help with collections so you can stay focused on growing your business.
• Your customer pays us, and we send the rebate (the rest of the funds minus fees) to you.

A surprising number. We work with all kinds of industries from Manufacturing, and Distribution to Oilfield Services, Staffing, and plenty more. If you invoice other businesses, factoring might be a great fit.

Yes! In fact, many start-up companies use factoring to generate the cash flow needed to establish and grow their business.

It might be! Here’s a quick gut-check. Factoring may be a great solution if your company:

• Provides goods or services to commercial customers
• Doesn’t have tax liens (or has a payment plan in place)
• Has unpaid receivables that are not pledged elsewhere
• Bills the customer upon completion of work or delivery of goods
• Can provide documentation like field tickets, signatures, BOL’s etc.
• Works with customers on 15-120 day terms, with solid communication, online systems, and good commercial credit
• Has average monthly sales of $50K to $5MM
• Wants a team that cares about you, your customers, and your business!

Don’t sweat! Although we do review personal credit, one of the great things about factoring is that we rely the most heavily on the credit-worthiness of your customers. If you work for quality companies that have good commercial credit, it’s unlikely your personal credit will affect our ability to fund.

Sometimes, yes, but always respectfully and professionally. We may contact them to update a payment address on file, verify invoices, or handle collections. The goal is to make your life easier while protecting the relationships you’ve worked hard to build.

No, you choose which accounts to factor. With no monthly minimums, you can factor as much or as little as you need on Eligible Accounts.

No. We believe, whether you plan to factor them or not, it’s in everyone’s best interest for our clients to have good credit information available to them when making the decision to do business with a new customer.

We’re happy to help you review your current financing arrangement. If a buyout is appropriate, we’ll work with your current finance company as well as your customers to ensure the smoothest transition possible for you.