What is Invoice Factoring?
Invoice Factoring is an alternative financing option that involves a factoring company, also known as factor, purchasing your outstanding invoices. In turn, you will receive upfront advance payment on your outstanding invoices instead of having to wait the usual 30-120 days for payment.
Because it takes customers months to pay the invoices, businesses opt to use our invoice factoring service to bridge their business' funding gap and strengthen their cash flow.
An additional benefit of invoice factoring is that business owners have the flexibility to use the capital for any business expenditure, from hiring new employees, paying taxes, or purchasing raw material.
At Accel Business Funding, we have helped many businesses improve their working capital management and resolved their cash flow issues through our invoice factoring services.
We Make Invoice Factoring Simple
With 22 years in business, Accel Business Funding is one of the top invoice factoring companies in the US for small and medium-sized businesses.
We provide invoice factoring services to businesses of many different industries. Our clients have benefited from partnering with us as their businesses have enjoyed rapid growth through our invoice factoring services.
At Accel Business Funding, we provide quick funding, a simple application process, and friendly customer service.
How to Begin Invoice Factoring
Accel Business Funding tailors our invoice factoring services to fit the unique needs of each client.
Step 1 – Get a Quote
The initial step in securing a factoring line is to speak with an Accel Business Funding representative. We will discuss your cash situation and needs. We will offer a free consultation for our invoice factoring services. Our simple and straightforward underwriting guidelines allow most customers to receive a written quote. All quotes are customized for the specific needs of the client. We will work to make certain the factoring line meets your requirements.
Step 2 – Submit Invoices and Related Documents
When you agree on a factoring line, we will schedule your first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the setup process, we will walk you through the agreement and discuss your invoices and any related documents.
Step 3 – Get Cash for Your Invoices
When the set-up process is complete, we begin to fund you. Funds are transferred via ACH direct deposit or a wire transfer directly into your bank account. From this point onward, each time you send invoices, we will process them and then fund you the same day.
To apply for our custom invoice factoring services, please fill out the Free Consultation Form. We will provide a free consultation and quote for a custom invoice factoring program that will meet your funding needs.
Benefits of Invoice Factoring
In addition to bridging the funding gap and improving cash flow, companies that factor with Accel Business Funding can enjoy many additional benefits:
Dedicated Customer Service
24/7 Online Reporting
Invoice Factoring Rates at 0.5% to 1.25%
Free Credit Check
Quick & Simple Application Process