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Beyond Business Loans – Alternative Financing Turns Your Assets into Working Capital

Debt Financing, Equity Financing, and Alternative Financing

Business financing is the act of providing money for business activities, startups, expansion, purchases or investments. There are three basic types of business financing: debt financing, equity financing, and alternative financing.

Debt financing (borrowing funds such as business loans, credit cards, and credit lines) and equity financing (selling a portion of ownership interests in exchange for capital) are the two traditional types of business financing.

Alternative business financing can take many different forms, including the financing alternatives we offer through our partners: invoice factoring for all types of industries. Other types of alternative business financing include options such as equipment financing, retail merchant cash advances, peer-funding, kickstart funding, angel investing, and crowdfunding.

Explore the benefits of invoice factoring, including:

Fees as low as 1%
Fast funding – as little as 1 business day
High advance rates with low holdbacks
No upfront fees
No long-term contracts
No factoring minimums -you choose which invoices to factor
No add-on or hidden fees
No application or due diligence fees
Financing without taking on debt
Friendly, professional customer service

Access the working capital needed to fuel business operations and growth activities.

1. CREATE AN INVOICE

Generate a customer invoice and factor it on the same day.

2. GET AN ADVANCE

Get free funding on factored invoices up to 90% of the invoice amount in 0-2 business days.

3. GROW FASTER

Use expedited cash flow to keep pace with expenses or reinvest in growth more quickly.

Alternative Financing — Invoice Factoring Turns Unpaid Invoices into Working Capital

Our financing programs can give aspiring and current business owners access to the working capital needed to fuel business operations and growth activities.

Invoice factoring (also known as receivables financing, invoice financing, or AR factoring) is a business finance tool that expedites cash flow by leveraging a company’s assets, namely, its unpaid receivables.

Instead of waiting on customer payments, a business can sell the invoice to a factoring company and get immediate advance of a high percentage of the invoice total, for a small fee (called a factoring fee). Once the customer has paid the invoice, the business also receives any amount held in reserve.

Assuming a factoring fee of 3%, and an advance rate of 95%, here’s how it would work:

Timeline
Day 1	Generate a $15,000 client invoice and factor it
– Same Day	Receive an advance of $14,250 (90% advance)
	Factoring company earns $450 (3% factoring fee)
Day 30-45-90+	Your company receives the reserve amount after the invoice is paid

When a company factors an invoice, it sells the invoice to an invoice factoring company. Instead of waiting weeks or months for customers to pay, they can factor the customer invoice and receive an advance on the invoice within 1-2 days.

Find out more about receivables financing to see how much working capital you could unlock by factoring—or selling—customer invoices instead of waiting for payments.

Why do companies factor invoices and what kind of businesses can use this alternative financing tool?

Factoring clients often cite one or more of the following reasons as central to their decision to speed up organizational cash flow by factoring invoices:

A desire to take on bigger accounts, fill bigger orders or take on new business more quickly
Faster cash flow to facilitate faster business growth
Cash flow is not keeping pace with payroll or other operational needs
Customers had extended terms or take 30 or more days to pay
Company was newly established and so was not yet eligible for other financing programs
A desire to negotiate discounts for early payment with their vendors or suppliers

We offer competitive factoring rates, high advances, fast processing and funding as well as a high level of professional customer service — just what you would expect from the best invoice factoring companies.

Nearly any type of business that invoices its customers for payment on terms may be able to expedite cash flow by factoring invoices instead of waiting for customers to pay. Factoring provides a fast, flexible alternative financing program that expedites and improves cash flow, giving the organization access to the working capital needed for sustaining and growing a business.

Factoring clients come from many different industries where invoice factoring is commonly used to expedite cash flow, including:

Staffing and temporary employment agencies (security services, nursing, hospitality etc.)
Business consulting and B2B business services
Janitorial and cleaning companies
Trucking, transportation, and logistics
Supply chain distributors and manufacturers
Vendors selling online or in stores through Costco, Sam’s Club, Walmart, and other mass retailers
Textile, clothing, accessories and other wholesalers
Oil and gas (and all gas and oil field contractors)
Energy and utilities companies and contractors
Wine, beer and spirits
Government contractors and vendors
Recycling and waste management – and many more

Ready to find out more about our programs? Start by requesting a free, no-obligation quote and get answers in 24-48 hours – or even faster!

How does invoice factoring work – request more information:

All 9 /Accounting and Finance 0 /B2B 0 /Business Strategy 3 /Cash Flow 2 /Corsa Finance 8 /Entrepreneurs 0 /Hiring and Recruiting 0 /Invoice Factoring 2 /Leadership 1 /Marketing 0 /Organizational Culture 0 /Receivables Financing 1 /Small Business 2 /Staffing and Temp Agencies 0 /Supply Chain 0