Services: Invoice Discounting
Are you waiting up to 60 days to get paid by your customers? Waiting to be paid by your customers can be very difficult, especially if your business growing very quickly. We can provide you with business financing that is based on your slow paying invoices. Our invoice discounting program is easy to qualify for and can be set up in days.
How can invoice discounting help your company?
Invoice discounting provides you an advance, similar to a quick payment, for your invoices. It eliminates the usual 30 to 60 days you need to wait to receive payment from clients and provides you the necessary funds to meet your business expenses.
Are at risk of missing rent, payroll or supplier payments? With our invoice discounting you can easily:
- Meet payroll responsibilities
- Pay your rent
- Capitalize on new opportunities - take on new clients
- Pay your suppliers
Invoice discounting provides you with:
- Peace of mind. You get funds to meet expenses and grow your business
- Flexible financing. Your financing “ceiling” is only limited by the power of your sales
- Quick startup time. You can get started in days
Click here for an instant online factoring quote.
We can offer factoring rates as low as 1.5% (based on industry, volume and location). You can also call us at toll free at (877) 300 3258.
How does invoice discounting work?
Using invoice discounting is very simple and helps you get reliable and stable cash flow. The process works as follows:
- You deliver your products or services to your customer
- You send an invoice to your client and send a copy to the us (the factoring company)
- We advance you up to 90% (the remaining 10% is used as a reserve)
- We wait to get paid by your client
- Once we get paid, we rebate the 10% reserve (less a small discount)
Want to learn more about invoice discounting and financing?
If you want to learn more about invoice factoring please visit our Invoice Discounting and Invoice Factoring Resource Center. You can also read the following articles: