Small Business Invoice Factoring

With factoring you are selling your accounts receivable to a factoring company for instant cash.

Small business invoice factoring. At 1st commercial credit we are recognized as one of the largest receivable based finance companies for small to medium sized businesses in the industry. Fortunately there is one financing option that most business owners don t know about small business invoice factoring. We advance funds to your company by using your outstanding invoices as collateral. Small business owner s guide to invoice factoring.

Let our accounts receivable financial team help with you with an evaluation of your business. Small business invoice factoring. The invoice factoring company advances 85 of the. Once the invoice is paid you ll receive the remaining balance minus the service charge.

Small business invoice factoring is a commonly used funding process that allows small business owners to strengthen cash flow and have funds available to grow their business. They ll advance this money to your small business before collecting the invoices themselves. Invoice factoring companies let small businesses quickly access up to 95 of money tied up in unpaid invoices. Small business owners are always looking for ways to improve cash flow and be nimble.

Invoice factoring is a fast simple way for small business owners to improve cash flow and secure money to grow their business. Don t rely on banks small business factoring is the smart alternative to bank loans. We provide customized factoring services backed by an experienced account manager and 24 7 access to our online client portal. Small business owners need working capital to keep up with the ever changing market.

Our goal is to provide you greater financial flexibility. These prerequisites leave business owners with a few loan options to choose from. Invoice financing is an often overlooked strategy. Factoring allows businesses to cope with an unexpected increase in payroll commitments.

So you turn to an invoice factoring company and it agrees to buy your invoice for 9 700 in cash 10 000 minus a 3 factoring fee 300. These are just a handful of the small business invoice factoring possibilities. We have helped over 7 000 small and mid sized businesses manage their working capital. Small business factoring services.

Invoice factoring also known as accounts receivable finance is available to businesses that have been turned away from the bank as well as businesses that simply find invoice factoring a faster more viable option when. Factoring is an ideal tool for startups as well as companies experiencing rapid growth or taking on larger than usual projects. Small business factoring small business invoice factoring is a great way for small businesses to quickly monetize invoices.