Invoice Factoring Grows Your Business Faster

Invoice Factoring

Invoice factoring is a form of business financing, in which a business sells its accounts receivable invoices  to a third party (called a factor) at a discount. Technically, invoice factoring is not a business loan. Invoice factoring provides an advance on payments for outstanding invoices. This way, you can have working capital in 24hrs or less to reinvest in operations and growth sooner than you could if you waited for your customers to pay you.

How Does Invoice Financing Work?

Invoice financing can be explained in five simple steps:

  1. First you provide the goods/services to your customer and invoice them.
  2. Second you send the invoice details to the invoice finance provider.
  3. Third a certain percentage of the face value of the invoice is made available to you.
  4. Fourth either your own credit controller or the invoice finance provider’s sales ledger service carries out the invoice collection procedure.
  5. Fifth when your customer pays the invoice, the rest of the value of the invoice is made available to you — minus a service fee.

 

Jeremy McCay Services, Inc. Has established a network of invoice factoring relationships for all types of business. We have a simple one-page application process and we help take the guess work out of what factoring company best suits your business type. Give us a call today and let us help turn your invoices into immediate capital to grow your business at a much faster pace.

Here are the industries we help fund and businesses that can benefit from this financial service.

Accounts Receivable Financing

Purchase Order Financing

Government Contract Factoring

Advertising Factoring

Auto Glass Factoring

B2B Factoring

Carpet Cleaning Factoring

Consultant Factoring

Distributor Factoring

Exterminator/Pest Control Factoring

Freight / Trucking Factoring

Importer Factoring

Janitorial Factoring

Maintenance Factoring

Manufacturer Factoring

Advertising Factoring

Auto Glass Factoring

B2B Factoring

Carpet Cleaning Factoring

Micro-Brewery Factoring

Oilfield Factoring

Packaging Factoring

Pallet Company Factory

Process Server Factoring

Security Guard Factoring

Service Company Factoring

Staffing Factoring

Suppliers

Vineyards & Wineries Factoring

Web Services

Wholesale Factoring

Window Washers

Bank Turn-Downs

Construction Factoring

Car Haulers Factoring

Fire Water Mold Restoration

Cable line installers

Fabrication Factoring

High Customer Concentrations

IRS Issues – Tax Liens

Letters of Credit

Maxed-Out Lines of Credit

Payroll Funding

Seasonal Businesses

Slow Paying Customers

Startups

Turnarounds

Undercapitalized Companies

Vendor Guarantees

Accounts Receivable Financing

Purchase Order Financing

Government Contract Factoring

Articles and Resources on Factoring

Telecommunications Factoring

Government Suppliers

Growth Opportunities

Excavation Factoring