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What is invoice factoring?
Invoice factoring allows companies to sell their receivables for immediate cash. Factoring is a scalable financing option to help businesses to improve their cash flow to handle customer orders, payroll and continue growing their business.
Benefits of invoice factoring?
- Quick approval process
- Provides businesses with immediate cash
- Great option for small startup businesses
- Doesn’t require equity or taking on debt
Factoring vs Loans
Unlike traditional loans, factoring is an affordable cash flow solution that can help businesses in as little as 24 hours. Instead of taking on any debt, factoring allows companies to sell their receivables at a small discount.
What is spot factoring?
Spot factoring allows businesses to sell an individual invoice to fund their cash flow. Spot factoring is a quick, flexible solution to help businesses pay suppliers, start on a new project, handle payroll and avoid spending time on unpaid invoices.
What is purchase order financing?
Purchase order financing is a funding solution to cover supplier costs, allowing businesses to complete customer purchase orders.