Invoice Factoring

  • Factoring means you have invoices for completed work
  • Your company sells to other businesses or government agencies
  • Your receivables are free to be used as collateral
  • You need unlimited flexible capital to grow

Extra Benefits to Help Your Business

  • Factoring means you have invoices for completed work
  • Credit management to know your customers
  • Factoring allows you to land larger contracts
  • Expert acquisition funding capabilities
  • Access to our existing portfolio of clients for teaming
  • Backup and references for upcoming Solicitation bidding

Accounts receivable invoice factoring is described as the practice of a business selling outstanding accounts receivable invoices to a factoring company in exchange for immediate cash. The business that sells its invoices benefits from invoice factoring in several ways.

One of the most critical benefits is that the business receives immediate payment on its invoices, instead of having to wait up to several months for its customers to pay their outstanding invoices. The factoring company benefits as well, because it collects a fee for each invoice it purchases.

But prior to purchasing the invoices, the factoring company is also able to decide which invoices it wants – and it may opt to select only the invoices that are highly likely to be paid.

In today’s modern world, invoice factoring has become more popular, more accepted, and widely available to businesses in a wide variety of industries.

The main two characteristics of the type of business that can benefit from invoice factoring are:

  1. the business has accounts receivable invoices that are outstanding
  2. the business’s customers are creditworthy. There are several industries where businesses commonly opt for invoice factoring, but businesses that are in industries not typically served by invoice factoring companies, are hardly ever excluded from this beneficial option, as long as they meet the right criteria.

Typical Industries tend to be:

  • Call centre operators
  • Private investigators
  • Oilfield services
  • IT consultants
  • Landscaping
  • Import
  • Office supply
  • Distributors
  • Food service (commercial)
  • Logistics
  • Advertising
  • Wholesalers
  • And more
  • Trucking companies
  • Freight brokers
  • Business services
  • Staffing agencies
  • Manufacturing
  • Wholesale
  • Janitorial and cleaning companies
  • Technology
  • Courier services
  • Security guard services
  • Consulting

Are you really getting the best deal for your factoring needs? Don't assume that you are!

Call for a free competitive quote for New or Existing Accounts Receivable Factoring contracts.

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