If you have cash flow issues because your Vendors take 30-120 days to pay, invoice factoring is for you. If you are approved, you can pick and choose what invoices you want to factor (if any at all).
When you factor an invoice, we will provide you with 70-90% of the invoices value upfront. You receive the remaining 10-30% when the vendor pays the invoice, minus a small fee. The fee is anywhere from 2-5%.
To see what you qualify for we will need the last 4 months business bank statements, a few outstanding invoices, a list of the vendors you expect to factor, and the application.