Invoice Factoring
Invoice Factoring is a financing solution that allows businesses to secure immediate cash flow by leveraging their unpaid accounts receivable.
Invoice Factoring is often used by businesses to cover operational expenses, fund growth, maintain financial obligations, or even secure supplier discounts. It offers a flexible alternative to traditional loans, as approval is primarily based on the creditworthiness of the invoiced customers rather than the historical financial performance of the business.
Factoring Guidelines:
Advance Rate - up to 90% of eligible A/R balance
No minimum time in business required
No minimum fico score required
Minimum A/R balance of $50k
Industries Served:
Manufacturing
Wholesale
Construction
Oil & Gas
Healthcare
Service Providers
Transportation
Staffing
Telecom
Utility
Energy
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