Invoice Factoring
Your invoices. More immediate possibilities.
Access an advance of up to 90% of eligible unpaid invoices. The balance is released under the factoring agreement after customer payment and fees.
UNDERSTAND YOUR OPTIONS
Built around your business.
Sell eligible unpaid business invoices to a factoring company for an upfront advance, with the remaining reserve settled according to the agreement after customer payment and applicable fees. Advance rates and costs vary.
Program at a glance
- Advance up to 90% of eligible invoices
- Customer payment and reserves follow the agreement
- Factoring fees and recourse terms vary
Where it can fit
- Bridging customer payment terms
- Payroll and operating expenses
- Taking on additional customer work
What to consider
- Factoring generally involves selling eligible invoices at a discount.
- Customer creditworthiness, invoice verification, and disputes can affect eligibility.
- Understand reserves, recourse, notifications, minimum fees, and collections before proceeding.
GET PREPARED
A stronger start.
A clearer process.
Your advisor will confirm the documents required for your specific program. Here are common starting points.
Copies of eligible invoices and customer information
Business bank statements and financial information
A LITTLE MORE CLARITY
Invoice Factoring.
Your questions.
Will my customers be contacted?+
Many factoring arrangements involve invoice verification, customer notification, or payment to the factor. The specific process depends on the agreement.
What amount and terms can I qualify for?+
The lender determines available amounts, terms, costs, and any guarantees or collateral after reviewing the file. This page is an overview, not an approval or offer.
How do I get started?+
Start an application or speak with an advisor. We will review your goals, explain the documentation, and help you understand available financing options.
OTHER PATHS TO EXPLORE
More possibilities.
↗Working capital
Revenue-Based Financing
Revenue-based advance with daily or weekly remittances. Select programs offer same-day approvals and funding in as little as 24 hours.
Explore solution↗↗Flexible accessBusiness Line of Credit
Revolving business credit lines up to $5 million. Draw as needed and generally pay interest on the amount used; draw and maintenance fees may apply.
Explore solution↗↗Existing obligationsReverse Consolidation
Scheduled disbursements can help cover existing daily or weekly advance payments. Review every obligation, the full draw schedule, and total repayment.
Explore solution↗CAPITAL FOR WHAT’S NEXT
Your next move starts here.
Let’s talk about your business, your goals, and the capital that can help you get there.