Invoice Factoring
Convert outstanding invoices into working capital instead of waiting on customer payment terms.
Apply Now →What is Invoice Factoring?
Invoice factoring lets you convert unpaid customer invoices into immediate working capital, rather than waiting the typical 30, 60, or 90 days for customers to pay.
How it works
From application to funding, in 4 steps.
Submit Invoices
Share your outstanding customer invoices with your matched factoring partner.
Get an Advance
Receive a large portion of the invoice value upfront.
Customer Pays
Your customer pays the invoice on their normal terms.
Receive the Balance
Get the remaining balance, minus the factoring fee.
Who it's for
Invoice factoring suits businesses that invoice other businesses and experience cash flow gaps while waiting on customer payment, rather than businesses with limited or no outstanding invoices.
Benefits
No Waiting on Terms
Access cash tied up in unpaid invoices immediately.
Based on Customer Credit
Approval often weighs your customers' creditworthiness too.
Frees Up Time
Less time spent chasing collections.
Qualification & required documents
Because factoring is based on your invoices, commonly requested items include:
Your funding specialist will confirm the full requirements for your matched program.
Example scenarios
A few ways businesses put Invoice Factoring to work.
Slow-Paying Customer
Getting cash now instead of waiting 30-90 days.
Taking on a New Order
Funding new work without waiting on existing receivables.
Payroll Gap
Covering payroll while invoices are still outstanding.
How it compares
A starting point - your funding specialist will confirm what fits your business.
| Compared To | Key Difference |
|---|---|
| Invoice Factoring vs. Line of Credit: | Factoring is tied directly to your outstanding invoices and their value, while a line of credit is a broader pool of credit based on your overall business profile. |
Frequently asked questions
Industries we fund
Common funding needs this covers
Ready to explore Invoice Factoring?
One application, matched to funding options across our lending network.