What is invoice factoring?
Article Index
- 1 What is invoice factoring?
- 2 How does invoice factoring work?
- 3 Looking For Invoice Factoring?
- 4 Do I Qualify For Invoice Factoring?
- 5 Minimum qualifications
- 6 530+ FICO
- 7 3+ months in business
- 8 $10,000 in monthly revenue
- 9 Your business is B2B
- 10 What you need to apply?
- 11 Some information about your business
- 12 Basic details about your invoices
- 13 4 months most recent business bank statements
- 14 Why Consider A Business Line Of Credit?
- 15 Factoring advantages
- 16 No impact on your credit score
- 17 Immediate access to cash for your business
- 18 Easier and faster approval than traditional bank lending
- 19 HOW INVOICE FACTORING CAN IMPROVE CASH FLOW FORECASTING
- 20 We're Waiting For Your Application!
- 21 The best customer service
- 22 Great guys
- 23 Great customer service from Remo
- 24 Excellence!!
- 25 Great company and great guys that helped me
- 26 We love this company
Invoice financing is a process where you sell your outstanding invoices to a third party in exchange for cash upfront. It’s different than any other form of alternative finance, like bank loans that can have negative impacts on credit scores. Invoice factoring doesn’t allow this because it involves selling an asset instead. The debtor has no control over what happens next. Invoice sellers keep 100% ownership until all debts have been paid off completely – at which time they may decide whether or not to make them available again through another sale / purchase agreement.
How does invoice factoring work?
Factoring is an excellent and straightforward way to finance your business. A few quick questions can determine if this process makes sense for you.
Do I Qualify For Invoice Factoring?
Why Consider A Business Line Of Credit?
Having access to additional working capital is always a best practice when running a small business. For the times you don’t want or need a large lump sum and the long-term commitments that come with a small business loan; or the times when a business credit card is just not the right choice for the health of your business, a business line of credit may be exactly what you need. With an expedited application process, affordable rates, and flexible repayment schedules (weekly or monthly), having reliable and continuous access to cash flow has never been simpler.
Factoring advantages
No impact on your credit score
Immediate access to cash for your business
Easier and faster approval than traditional bank lending
HOW INVOICE FACTORING CAN IMPROVE CASH FLOW FORECASTING
In order to keep the doors open, small business owners need a plan. Two powerful tools that can help them with this are cash flow forecasting and invoice factoring.
Businesses will use these two methods to make covering future expenses like taxes or salaries easier by collecting the invoice revenue sooner rather than later. Since it takes time for money owed on an invoice to be collected, invoice factoring allows business owners to forecast when that money will be available.
The best customer service
Remo is always there for me when I need him. I even text him on his day off and he replied right away. Thanks Remo for your help
Great guys
Remo was the best answered all questions and got funded the same day everything he said he stood behind great guy
Great customer service from Remo
Remo was excellent and very helpful doing the whole process. He’s a man of his word and does a very good job at getting you funded. Keeps in touch doing the whole process and is very,very responsive to calls and messages.
Thanks Remo for a job well done 👍
Excellence!!
I dealt with Remo…he was so awesome! Helped me get a much needed loan as quickly as possible…helped me out through each step…He is just a great rep! Thank you so much!!
Great company and great guys that helped me
Great company to work with they do there and get your funds !!! They’re 100% real hard worker’s
We love this company
We love this company working with Rean and his wonderful staff made it easy the funds were always there just at the right time.