What is Factoring?

 

  • Factoring is the purchasing of accounts receivable (i.e. your invoices) for immediate cash

  • Factoring is a time honored financial tool companies use to help meet their cash flow needs

  • Factoring is not a loan. It is immediate cash for the sale of an invoice that you own and that you are not limited in how you use the funds that you receive!

How Does Factoring Work?

 

  • You submit an application

  • We review the application

  • When approved, you send us the invoice (accounts receivable) for which you want cash

  • Once certain requirements are met, we write you a check with in 24 - 48 hrs

  • When the invoices are paid, we pay you the balance of the invoices minus our nominal fee