Invoice factoring can help a business access cash tied up in unpaid customer invoices. A funding provider may purchase eligible invoices or advance a portion of their value, with the balance and fees handled under the provider’s agreement.

WHO MAY BENEFIT

Invoice factoring may suit businesses that sell to other businesses and regularly wait for customers to pay. The provider may review the invoices, the customers’ payment history, invoice terms, disputes, concentration, and the business’s overall profile.

WHAT TO HAVE READY

A brief description of your business, the type and amount of invoices, who owes them, and recent business bank statements can help us start a review. Additional records may be requested depending on the program.

REVIEW THE TERMS

Fees, advance amounts, recourse terms, customer notification, and payment timing vary by provider. Review the complete agreement and confirm how customer payments will be handled before accepting. Submitting an inquiry does not guarantee approval or funding.