What is Invoice Factoring?
Invoice factoring, also known as accounts receivable factoring, is a method where your business sells its unpaid invoices to a factoring company (like us). In return, you receive immediate cash—typically within 24–48 hours. The factoring company then collects payment directly from your customers when the invoices are due.
Unlike traditional bank loans, factoring doesn’t require you to take on debt or give up equity. It’s a straightforward way to access the money you’ve already earned, giving you the flexibility to keep your business moving forward.
Cash Flow Solutions Built for Your Industry
Find the perfect fit for your sector. See how our factoring expertise caters to manufacturing, transportation, staffing, and more, giving you the speed, ease, and security you need to grow.
Turn production delays into growth opportunities that keep your factory running smoothly.
Keep your wheels turning and drivers paid with same-day funding that transforms delivered loads into immediate working capital.
Pay your workforce on time, every time, with invoice factoring that bridges the gap between billing and payment.
Cut through the complexity of load booking and carrier payments by converting broker invoices into instant funds.
Maintain operational momentum by converting complex project invoices into consistent cash flow.
Realize your business’s potential by turning unpaid invoices into instant cash flow, giving you the financial flexibility.
How Does Invoice Factoring Work?
Our factoring process is simple and designed to get you cash quickly:
- You provide products or services to your customers and generate invoices with standard payment terms (e.g., net 30, 60, or 90).
- Sell Your Invoices to Us: You submit those invoices to The Factoring Co. We review and approve them, typically within hours.
- Get Paid Fast: We advance you up to 90% of the invoice value within 24–48 hours, giving you instant access to working capital!
- We Handle Billing and Collections: Our team manages the billing process, following up with your customers to ensure timely payment.
- Receive the Remaining Balance: Once your customer pays the invoice in full, we release the remaining balance to you, minus a small factoring fee.
Clear terms. Real people. Actual support.
Simple funding solutions crafted around genuine human relationships.
Why Choose us for Business Invoice Factoring?
Partner with a factoring company that gets you paid today, handles your collections tomorrow, and stays committed to your growth every step of the way.
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Expediated Funding
Immediate cash flow: Access funds within days, not weeks.
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Easy-To-Use Portal
Simple and secure platform for cash flow and document management.
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Competitive Pricing
No debt or loans: Factoring isn’t a loan, so you avoid interest payments and preserve your credit.
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Lasting Partnership
Expert support that continues well beyond the application process.
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Secure & Reliable
Fraud detection and encryption protects your personal information.
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Professional Communication
Collections are handled respectfully to maintain your vendor relationships.
Who Can Benefit from Factoring?
Invoice factoring is ideal for businesses that invoice other businesses (B2B) and need faster access to cash. It’s especially valuable for:
- Small and Medium Businesses: Gain the cash flow to compete with larger companies.
- Startups and Growing Companies: Fund expansion without taking on debt.
- Industries with Long Payment Terms: Such as manufacturing, transportation, staffing, construction, and wholesale.
- Businesses with Seasonal Demand: Smooth out cash flow during slow periods.
- Companies with Less-Than-Perfect Credit: Factoring approval is based on your customers’ credit, not yours.
Factoring Software that’s as Simple as it is Secure
Access invoice management software that combines bank-grade security protocols with intuitive workflows, giving you crystal-clear visibility into your finances.
Bank-Level
Security
Your financial data is protected with SOC 2 Type 2 compliance and advanced encryption