Invoice Factoring Loan
What is an Invoice Factoring Loan?
Invoice factoring allows you to convert your outstanding invoices into immediate working capital. Instead of waiting 30, 60, or 90 days for customers to pay, a factoring company advances you a percentage of the invoice value upfront. When your customer pays, you receive the remaining balance minus the factoring fee. It's a powerful tool for B2B companies that need to maintain steady cash flow while waiting on customer payments.
Loan Details
Max. Loan Amount
100% of invoice value
Loan Term
Until invoice is paid
Interest Rates
~4% factor rate
Speed of Funding
24 hours
Loan Requirements
Annual Revenue
$100K+
Credit Score
650+
Time in Business
1+ year
Pros
- Fast and safe access to capital
- Aids cash flow management
- Self-collateralizing (invoices are the collateral)
- Low cost compared to other options
Cons
- Risk if customers don't pay
- Not suitable for B2C businesses
- Higher fees than traditional loans
- Third party handles customer payment relations
How To Apply for an Invoice Factoring Loan
With our simple online application, the process is quick and easy.
Prequalify Online
Submit your application along with details about your outstanding invoices.
Online Approval
A Fundingverse consultant reviews your invoices and sets up your factoring agreement.
Receive Secure Funding
Funds are advanced against your invoices within 24 hours of approval.