Accounts Receivable Invoice Factoring:
In general invoice factoring is based upon the ability of your customers to pay. This means that if you have bad credit it's usually not a problem! When we being working with companies we will as for a list of cusotmers which you want to use invoice factoring on. Once a customer is approved you decide either to use factoring on all the invoices or you can pick and choose which ones to factor!
The 4 Steps Of Accounts Receivable Invoice Factoring When We Begin Are:
1. DeliveryYou provide the goods or service.
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3. We Pay You ImmediatelyWe will fund up to 90% of the invoice upon receipt.
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2. The Invoice For FactoringYou prepae an invoice and send us a copy for factoring |
4. We Collect The InvoiceWe collect the invoice from your customer and remit the remaning funds to you less our small invoice factoring fee. |
What is Invoice Factoring?
Accounts receivable invoice factoring is the purchase of your current, valid accounts receivables or invoices for cash. You send us the invoice and we front a percentage (70-90%) of the cash at the time the invoice is received. We collect the remainder of the invoice & pay you, less our small fee.
What Are The Fees For Invoice Factoring?
Fees are determined by the total amount of invoices you factor, the average size of the invoices for factoring and the industry the invoice comes from. Typical fees range from 2-4% of the invoice.
How Long Does Set-up & Funding Take With Invoice Factoring?
Invoice factoring takes a few days to set-up. Once you are set up, you generate & send us the invoice for factoring, and funding can often take place within 24 hours.
I Have Bad Credit... Do I, or Does My Firm, Need Good Credit For Invoice Factoring?
The short answer is no. With invoice factoring, your client's credit is more important than yours.
We can even do start-ups.
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Call For Bad Credit Financing or Factoring Today!
Receivable Invoice Factoring For Bad Credit
Invoice factoring or accounts receivable invoice financing is a great way to turn your invoices into immediate cash. Stop waiting for your customers to pay your invoices! Call 888-595-4422 to see how accounts receivable invoice factoring can help you.
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Get Cash For Invoices Next Day!
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