What are the benefits of invoice factoring?
Businesses that want to expedite payment of accounts receivable invoices can turn to a receivables factoring company. Instead of waiting on customer payments, you can factor a customer invoice on the same day it’s generated and receive and advance of up to 95 percent of the face amount of the invoice right away.
Factoring receivables enables you to focus on growing your business rather than chasing invoices or performing collections. You can gain immediate access to working capital by speeding up cash flow, so that you can reinvest in your company much more quickly.
Factoring receivables could also be the key to positioning your business to be able to take advantage of emerging opportunities. Organizations that factor invoices expedite cash flow. They have more flexibility to meet operational expenses, extend more generous payment terms to their customers as a competitive advantage, and can reinvest working capital in their business more quickly in order to expand, service larger accounts or take on new customers.
There are also additional benefits for businesses that choose non-recourse invoice factoring over factoring with full recourse. Non-recourse factoring is less common in today’s economy because non-recourse factors assume the credit risk for the invoices they purchase. When you factor invoices with a non-recourse factoring company, you may be able to completely eliminate financial risk from bad debt.
Invoice Factoring Fees as Low as 5% – Advances Up to 95%
Low factoring fees and competitive advances are not the only reason you should apply for invoice factoring services with us. Working with us could help you get a better factoring agreement, and a better value for your money.
You want an invoice factoring company that’s going to help you go from approval to funding quickly and look for reasons to say “Yes!” when you submit invoices for factoring. We offer low factoring fees and flexible terms, such as:
- No long term contracts
- No monthly minimums (you choose when and how much to factor)
- Retain control of billing your customers or let the factoring company do the work
- Non-recourse factoring (the factoring company assume the credit risk)
- Spot factoring and micro-factoring – small invoice factoring welcome!
- Credit checks to help you vet customers
- No application or due diligence fees
- No schedule processing, notification or any other hidden fees
Even more importantly, we promise a high level of customer service to our factoring clients. We want you to work with a financing partner who understands your preferences and unique business needs, saving time and reducing the stress of managing receivables.