Factoring is a well established form of commercial finance for businesses. It uses your receivables to support your growth, not hinder it, by bridging the funding gap between raising an invoice and getting the invoice paid. Typically we will advance up to 80 -85% of the value of your invoice within a business day of your issuing them. We then work with you to get prompt payment from your customer and pay you the balance, less our fees, on collection.
Advantages
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We purchase receivables sold to other businesses on standard credit terms (up to Net 60). We look for these customers to be creditworthy and have extensive resource and experience in making commercial assessments. We fund receivables in the majority of sectors – manufacturing, staffing, transportation, consulting, advertising, call center services, engineering, oil support, biofuels, training, distribution, food, beverages, distribution, automotive, aviation, most other service sectors etc. The few sectors we do not serve are third party medical billing, house construction and progress billing.
Business That Can Use Our Factoring Service
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