Do your customers take 30 to 60 days to pay their invoices? If you are like most business owners, waiting to be paid can be a big challenge. This becomes even more problematic when you need to pay rent, employees and taxes regularly. Invoice factoring allows you to finance your business using your invoices as collateral. Usually, you can get up to 85% of the gross value of your invoices advanced to you as soon as you deliver your products and services. As opposed to loans and lines of credit, factoring has no artificial high limits. The amount of financing is directly related to your invoicing. The more you invoice, the more financing you qualify for.

Do you own a wholesale, re-seller or distribution company? What would you do if you received a large purchase order? An order that you can’t afford to fulfill. Your best option is to use purchase order financing to fulfill it. With purchase order financing, the finance company takes care of paying your suppliers (usually with a letter of credit) and ensuring proper shipment and delivery to the customer. Once the customer pays the invoice, the transaction is settled and you receive the remaining proceeds.