Invoice factoring is a strategic financial solution that allows businesses to convert outstanding invoices into immediate cash. This process helps you access working capital without waiting for customer payments, which can often take 30 to 90 days. By selling your invoices at a discounted rate to a factoring company, you receive a cash advance upfront. The factoring company then collects payment directly from your customers. This approach ensures your business maintains a steady cash flow and can meet urgent financial needs.
Apply NowBusiness Type: Must invoice other businesses (B2B).
Invoice Quality: Invoices should be for completed work and customers should have a history of timely payments.
Business Documentation: Provide documents such as Articles of Incorporation, bank statements, and customer contracts.