Do you have commercial or government customers that are taking up to 90 days to pay your invoices? This is a common problem for small business owners. Fortunately, we can help you. We work with companies that have cash flow problems due to slow paying clients. We offer Invoice factoring, which allows you to turn your invoices into cash and solves the liquidity problems created by slow paying invoices.
Factoring rates as low as 1.5%. Advances as high as 85%
Get an online quote!
Questions? (866) 7301922. Toll free in California.
Which solution fits you best?
Funding for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in California.
Financing for transportation carriers and freight brokerages.
Financing for small and medium sized distributors, importers and resellers
Financing for subcontractors of every type in the building trade.
Financing for businesses that supply services and products to California state agencies and to the federal government.
Financing for companies that provide guards for commercial, industrial and government sites.
Financing for staffing employment in the business and medical fields.
Financing for small office/home office (SOHO), consultants and independent professionals
Why work with Invoice Factoring Group?
Most companies that run into cash flow problems usually go to their local lending institution to try and get business financing. However, they soon find out that institutions are only comfortable lending to companies that have very strong income statements, have substantial collateral and have been in operations for years. Unfortunately, this rules out many small and medium sized companies. This is where we come in - we help companies that have working capital problems by improving their cash flow with invoice factoring.
What is factoring?
Factoring is a tool that allows companies to sell their invoices to a factoring company in exchange for immediate funds. Instead of waiting up to 90 days to get paid - you get immediate money for your invoices from credit worthy customers. This provides the needed capital to cover business expenses. It also allows you to grow your company by minimizing the concerns about slow paying customers.
Invoice factoring enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.
The solution works as follows:
- You deliver your product or service and invoice your client
- You sell your invoices to the factoring company
- The company advances you the first installment - between 70% to 90% of your invoice
- The finance company gets paid by your client 30 to 90 days later
- The company rebates you the second installment (the 10% to 30% reserve), less a small fee.
Accounts receivable factoring has a great advantage over other business financing products, such as business loans. It is easy to qualify for, can be setup in days and more importantly, it has no set limits. Your receivable factoring line is based solely on the quality of your invoices among other criteria.
If your company is growing and you canít afford to wait up to 60 (or 90) days to get paid by your clients, then invoice financing is the right solution for you.
Need more information?
Here are some additional resources that will help you understand how our solutions work:
- What is factoring?
- How to select a factoring company
- What is freight factoring and how does it work?
- Invoice factoring for companies with no assets
Call (866) 730 1922. Toll free in California.