Invoice Factoring

Have a few invoices that will be paid in a few weeks, but need the cash now? Invoice factoring can be a great way to get the cash you are owed today.

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Running a business is already difficult enough, then you have the burden of unpaid invoices. Invoice Factoring allows you to access working capital by turning your unpaid customer invoices into cash. This is a well-established financing method for companies that have open receivables and rather than turn to a bank for a loan, can instead sell those open receivables to a factoring company in exchange for cash in as little as 24 hours.


  • Relatively simple transaction.
  • Cash can be in your account within 24 hours.
  • There is no collateral.
  • You decide what invoices to submit, and how much cash you want to free up.
  • Simple application process.


  • Fees can be anywhere from 1 to 5% of the total invoice.
  • Not all companies can use invoice factoring.
  • Good credit in order to qualify.
  • Invoice factoring may not give a good impression with your clients.
  • You relinquish control of collecting those unpaid invoices, to a third party that may bot have the same collections methods as you.
  • If your customers fail to pay those invoices, you may be required to buy them back.


  • Time in business 6+ months
  • Business income of $10,000+
  • Your business needs to be B2B
  • Last 3 months of business bank statements.
  • Fill out a one-page application.