FACTS About Invoice Factoring Services

1. If traditional sources—such as banks, the SBA or small business lenders—have turned you down for working capital loans because you are a startup, are a poor credit risk or don’t meet certain bank loan guidelines, then invoice factoring may be for you.



2. Invoice factoring doesn’t focus on your financial history but on the credit history of your buyers. An invoice factoring company evaluates the credit history of your buyers asking “Will this buyer of your goods have the financial ability to pay in a timely manner”.



3. An invoice factoring company will advance you funds against your receivables, provide credit protection services and collection services. You can now make payroll, pay your suppliers quicker to get those discounts and have funds available to start those company projects.



4. Invoice factoring is ultimately an inexpensive form of equity financing. Consider what it would cost you to bring in a partner to give you a cash infusion to grow your business: Salary, benefits, car, health care and ultimately company stock and the future profits of your firm. An invoice factoring company wants none of these. Invoice factoring companies only want a fee to process your transactions, advanced funds and collection on your invoices.



5. As your sales increase, an invoice factoring company can grow with you. You won’t be limited to a credit line limit as you would with a traditional lender; you won’t have loan covenants, periodic loan reviews or monthly payments to make. As you grow your sales, your invoice factoring company grows with you.



6. Our firm has done invoice factoring for more than 30 years with thousands of companies like yours. Fill out our quick application or call us immediately for a free no obligation quote for our services.