Small Business Factoring

Small business factoring programs have helped many companies just like yours achieve financial stability and success by providing a consistent, readily available source of funding that does not require a business plan, a personal credit score, or detailed financial reporting. Many small businesses find themselves in the position of having exceeding the credit limits offered by their banks, while others, due to extenuating circumstances are unable to qualify for a traditional bank loan.

Small business invoice factoring is a quick and easy process, used by many businesses across a wide variety of industries. Once you are approved for our small business invoice factoring program:

• You provide a product or service to your customer and create an invoice
• You submit this invoice to your clients and provide us with a copy
• We advance you a certain percentage, based on the total amount and the credit worthiness of the client
• Once your client pays the invoice, we reimburse you for the total amount minus an affordable service fee.

Our small business accounting receivables factoring process is very similar. Upon approval:

• We purchase your qualify outstanding accounting receivables, assume all financial risk, and take over all collection activity associated with them.
• You receive a percentage of the total amount
• Once receive payment from your client, we reimburse you for the total invoice amount

Depending on your individual small business, one or more or a combination of our small business factoring services may be the best solution for you. Contact Business Factors now to learn more.