1. 75%). GreenBridge supplies this accounts receivables financing to business to business clients so they can collect on invoice payments right away. Charlotte Invoice Factoring Cost. Riviera Finance: Best for quick funding. The factoring company will own the invoices. UTAH 2455 E. In exchange for the quick funds, factoring companies. You "sell" the raised invoices to a factoring company. The company offers factoring to businesses that have an outstanding invoice of at least $100,000 in accounts receivable or invoices to one customer — with advance rates of 100% (minus fees). You can generally expect a factoring advance rate of 80-90% of your invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. So, there are 3 separate accounting entries for factored receivables: The journal entry is added to accounts receivable when the invoice is issued. Pros of invoice factoring. While many banks are reluctant to lend when businesses when they really need it, North Mill’s business was built on offering alternative funding services to small businesses in need. Our business funding services in Indiana include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Workflow conduite in Minneapolis can strengthen a great many inner small business processes, which include invoice approval. Also called receivable factoring, invoice factoring is a financial tool designed to provide a quick cash advance. Invoice factoring is used when you have already delivered and completed a customer order but haven’t yet received payment from them. altLINE – Best for low fees. And it’s available to you day or night, from anywhere in the world. The factoring lender, called the ‘factor,’ provides immediate cash to the. As Your Business Grows We Deliver The FUNDS Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Full-Time. If you would like to learn more about what invoice factoring is. Invoice Credit Line: $25K- $20M/mo. They will typically advance from 80 – 95% of your accounts receivable. Minneapolis, MN Phone: 205-397-1260. Freight factoring fees vary by company, invoice value and customer credit score. Call Us. Dive even deeper in Small Business. It itemizes the details of a transaction, indicating the products provided or services rendered and at what price. TCI Business Capital: Best for older invoices. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. Any freight carrier knows that managing invoices and collecting payment from brokers and shippers can be. Simple, Straightforward Accounts Receivable Funding™. The eligibility is based on the credit and payment history of a business’s customers, not that of the business itself. Commonwealth Capital. Find a factoring company located near you in the United States or Canada. 280 Invoice Factoring Company jobs available on Indeed. What Is Factoring?Invoice Factoring with Invoice Advance can convert your Minneapolis, MN businesses invoices into cash within 24 hours or less. In exchange for the quick funds, factoring companies charge the business a fee of. The other type is invoice discounting. Our rates are determined based on a number of factors. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value, deposited into your bank account within 24 to 48 hours after submission to altLINE. One of the best-known invoice factoring companies, BlueVine charges a low weekly fee for the time an invoice is outstanding. In addition, you have the flexibility to factor whichever and however many invoices you need to have cash on hand. Once the factor collects from the end customer on the standard payment terms, they release the remainder of the invoice value to you, minus a small factoring fee. Minnesota factoring from Business Factors & Finance uses the financial strength of your customers, not your personal FICO and/or business credit score. By selling outstanding invoices to a factoring company, businesses can access up to 80-90% of the invoice value immediately. CLIENT LOGIN. Stop worrying about your payments and get back to doing what you do best. com Address: 8970 W 35W Services Dr NE, Suite 100 Minneapolis, MN 55449Minneapolis : Minnesota Janitorial Factoring : Fast, simple, and very competitive. ”. You don’t have to wait 30 to 90 days to collect your. Factoring Companies especially live and die by their credit and collections decisions. This is good news if you have to cover a bi-weekly payroll but are on net 30. Firstly, it provides quick access to cash, which can be crucial for covering immediate expenses or investing in growth opportunities. We handle all billing and collections, automated payments to your carriers, invoice creation, and more. Unlike with invoice factoring, you still own the unpaid invoices and remain responsible for collecting the late payments. Backed by The Southern Bank Company, altLINE has provided more than $1 billion in funded invoices since 1936. AIM Business Capital provides invoice factoring services for oil and gas, energy, trucking and logistics, staffing, manufacturing, wholesaling, distribution, and service-related companies. $15 Hourly. The factoring company. 917. Invoice factoring involves selling a company’s outstanding invoices to a third party — usually a micro-financing institution (MFI). $20,000 to $5 million. For quick access to cash, you select specific invoices to sell. Cash flow is the lifeblood of business. 855-755-3863. Submitting invoices to factor: The business sends copies of the invoices and any relevant supporting documentation to the factoring company. Invoice Factoring Blog; Get a Quote; Minneapolis. 8970 W 35W Service Dr NE Suite 100, Blaine, Minnesota, 55449 763-780-1527 (800) 672-3844. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. If you are in a financial bind, factoring can provide immediate cash flow relief. Get started now. Here are some commonly asked questions about how invoice factoring works. Invoice factoring is a financing process whereby a business sells its unpaid invoices to a third party company to get early access to payments and improve their cash flow. Rather than waiting for 30, 60, 90, or even 120 days for a customer to. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. The business factors invoices worth $100,000. The factoring company will chase any late invoice payments. Edina, MN 55435. INVOICE FACTORING; ACCOUNTS RECEIVABLE FINANCING; DIP FINANCING; WORKING CAPITAL LOANS; ASSET. For example, suppose you have an invoice of $10,000 with a payment term of 60 days, and you use. Great Plains offers factoring programs with easy transactions, a simplified fee structure, and real-time reports to keep everything on track. 1600 More Info. Factoring Solutions for Minneapolis Companies of All Sizes. 1. invoice advance. An invoice factoring platform is simply the online or cloud-based version of invoice factoring. invoice advance. Any remaining balance is paid to you once the invoice clears. Freight Factoring for Truckers; Payroll Funding for Staffing Companies; Who We Fund; Why Use a Minnesota-based Factoring Company; Refer A Friend Program;. Invoice Factoring is the practice of using a business’s customer invoices as collateral to obtain cash advances from a third-party finance company. You can always try to negotiate. Watch Video. In exchange, the business doesn’t have to wait for the 30, 60, or 90-day term mentioned on the invoice. By selling unpaid invoices to a third-party factoring company, a business receives the majority of their value within a few business days. If the payment is expected in a shorter time frame, some Minneapolis. Types. Factoring is initiated on behalf of the supplier whereas supply chain finance or reverse factoring is a buyer-controlled early-pay finance program. With several invoice factoring companies to pick from, how do you pick the best one for your Minneapolis company? All seem to claim they have the most flexible rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums andso on so on. There are several key differences between invoice discounting and invoice factoring. Client Login . 10800 Lyndale Ave S. Invoice financing vs. Learn more online! Skip to content. Call Us Anytime At Great Plains, we've provided invoice factoring, licensing and permitting services to help trucking companies thrive for 27 years and counting. Our Clients Are Happy! Minneapolis,Minnesota . One reason a company might choose invoice factoring is to improve cash flow. Minneapolis, MN 55420 (952) 469-4460. Whether you’re an established business or a start-up, Minnesota factoring companies can turn your invoices into immediate cash to meet payroll and other expenses. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. Step 1: Contact Scale Funding and speak with one of our financial experts about our Minneapolis accounts-receivable financing and invoice factoring programs. Only a few accounts receivable factoring companies can say that. Companies frequently issue invoices with 30. Amounts: Up to $4 million per month; 90% of invoice amount. Client Login . 6% per week. Attorney Andrew M. [1] [2] [3] A business will sometimes factor its receivable assets to meet its present and immediate cash needs. VeriFactor will also offer spot factoring, allowing much more flexibility for borrowers. Commonwealth Capital, LLC. When a factoring company reviews an. Minneapolis Invoice Factoring Companies|. Invoice factoring works in a few straightforward steps: You complete work for the client and send an invoice. In invoice factoring, recourse covers what happens if the factoring company purchases an invoice from its client and then the invoice is not paid by the factoring client’s customer, also known as the account debtor. Depending on the agreement, the factor could give 60. Founded in 1969, Riviera Finance is nationally recognized as a leader in business financing and a top invoice factoring company. . You "sell" the raised invoices to a factoring company. It tends to be more. We are the experts in invoice factoring and accounts receivable management. This enables you to borrow money based on unpaid invoices from your customers. To figure out which type of factoring is best for your business, start a chat or contact one of our representatives. Invoice factoring is typically provided by third-party lenders or independent finance. We wonFactoring invoices refers to the process of selling control of your accounts receivable, in part or in full. Apply Now CALL NOW 1 (800) 876 6071. Minneapolis, MN 55416 952. Milwaukee, WI 53213. Government Invoice Factoring. 5-1. Factoring Processing Agent (FT) CB Ag Holdings, Inc. While this is generally acceptable to most exporters or suppliers, sometimes, suppliers need to tap into a wider pool of resources to combat a working capital crunch. In our example, you would receive $80,000 upfront. Quick access to working capital. Invoice factoring is a form of financing than many businesses are not used to. The exact timing of your cash advance deposit usually depends on when you complete the. 10800 Lyndale Ave S Suite 365 Bloomington, MN 55420. 11, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global invoice factoring market was estimated at $1946. The Sunbelt Difference. Invoice factoring (also known as accounts receivable factoring) occurs when a company sells its unpaid invoices to a factoring company at a discount. Established in 1995, Sunbelt Finance is an industry leader in providing factoring and cash flow services to businesses. 19%. It also has no impact on the rates you will get. Fees are charged and you collect payment. 545. In addition, our authority department. Turn unpaid invoices into working capital. Get cash and invoice factoring assistance now! Business Financing Since 1969 The financing company approves your invoice submission and gives you an advance of 90% ($90,000). UTAH 2455 E. Contact us at 800-707-4845. more capital with full flexibility. Because receivables change on daily basis as new invoices collect and old invoices are paid, factors must file what is called a 'blanket' UCC filing collateralizing all of your receivables even though you may only be factoring. We provide accounts receivable financing, invoice factoring, payroll funding, and freight factoring to businesses throughout Minnesota, the Upper Midwest, and the United. With many invoice factoring companies to pick from, how do you pick the best one for your Minneapolis company? Many claim they have the most flexible rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums andon and on. CLIENT LOGIN. When you market your company’s accounts receivables, or your invoices,it is recognized as many different terms, bill factoring or accounts receivable factoring, enabling you to release operating money straight away. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. See reviews, photos, directions, phone numbers and more for Invoice Factoring locations in Minneapolis, MN. Factoring Solutions for Minneapolis Companies of All Sizes. isn’t just another factoring company. Our Story; Our Team;. CLIENT LOGIN. INVOICE FACTORING. You won’t have to wait weeks to turn your outstanding invoices into cash. Invoice factoring means selling control of your accounts receivable, either in part or in full. Now, our flexible range of invoice factoring services in Mississippi means that even businesses without glowing financials or perfect credit records can access a competitive solution. They will typically advance from 80 – 95% of your accounts receivable. Call Us AnytimeWith invoice factoring, your company sells control of your accounts receivable to a lender, at a discount, for quick cash. , Suite 300, Lafayette, Louisiana 70508. A lender will provide you with an upfront payment of up to 100% of the total value of the invoice. A lot of people confuse invoice factoring with invoice financing. Minneapolis, Minnesota, 55416 952. Infusion Funding. Factoring companies will buy your receivables for the invoice value minus a factoring fee after they form an agreement with you. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. Direct Phone: 763-231-0046 Direct Email: chris@conceptfinancial. What’s Similar. Factoring usually involves transferring the responsibility of bill. CALIFORNIA. Find the best factoring companies in the Minneapolis Area. This is common sense. We chose the best lenders. Minneapolis, MN 55416 952. Only a few invoice factoring companies can say that. Our. This is good for you, because you can access that cash much quicker than if you had. When a factoring. Minneapolis Invoice Factoring Cost. Learn More about invoice factoring in Minneapolis, Minnesota, Williston, North Dakota & South Dakota. 1. Stop worrying about your payments and get back to doing what you do best. altLINE Advances Up To 80-90% Of The Invoice Face Value. This gives you access to the funds you need to manage and grow your business. Or call us anytime 24/7 at 800-672-3844. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. Factoring receivable rates vary, but ultimately, the longer your customer takes to pay the invoice, the more you’ll owe the factoring company. UTAH 2455 E. Whether you’re an established business or a start-up, Minnesota factoring companies can turn your invoices into immediate cash to meet payroll and other expenses. Accounts receivable financing or factoring helps increase your sales so you can continue to build your customer base – and increase your profits. Invoice factoring converts your open invoices into immediate cash, saving you from waiting 60 to 90 days or more for payment from your customers. You receive the remaining amount,. It depends on the factor rate, also known as the “factoring fee” or “discount rate. MAP. Platforms that offer invoice factoring typically charge their customers 1-3% of the total value of each factored invoice. In most factoring solutions, not 100% of the invoice value is paid out to the supplier. The main advantage of invoice factoring is cash, when you need it. You can always try to negotiate. 60 Crescent Bend, Allendale, New Jersey, 07401 201. It helps you get paid faster and also helps in accurate and flawless business planning and forecasting. The funding time is faster than for a traditional loan. ”. Our business funding services in Maryland include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. altLINE Advances Up To 80-90% Of The Invoice Face Value. 1600. In freight broker factoring, companies generally deposit a portion of your cash advance to your carriers to ensure they are paid. 1308 Camellia Blvd. We offer invoice factoring and accounts receivable financing to meet your business's. Milwaukee, WI 53213. Invoice factoring with blockchain (also called invoice financing) steps in to remedy the situation. Factoring receivables is a way to free up. Invoice factoring is a type of financing facility in which the company sells some of its outstanding invoices to the factoring company. A factoring company is commonly referred to as a “factor. Why invoice factoring works is right there in the name. 1600. In this case, the buyer establishes the relationship with a financial institution or funds the initiative themselves, paying invoices early in exchange for a discount to the face value of the invoice. If you’re looking for a way to get even faster access to business funds, you may want to consider a wider range of sources alongside invoice factoring. In explicit terms, a business presents its invoices to another company (called a factor or factoring company). Learn all about invoice factoring and what are the best solutions available for your industry. The factoring company then holds the remaining amount of the invoice, typically 8-10%, as a security deposit until the invoice is paid in full. These agreements define the financial obligations and rights between parties. Minneapolis, MN Phone: 205-397-1260. Over 40 proven years factoring invoices for companies nationwide. After the agreement has been signed, the factor will give an advancement to the healthcare company called the advance rate, which is usually 80% - 90% of the invoice’s value. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. Get cash and invoice factoring assistance now! Business Financing Since 1969. For firms that have built a legacy in their industry but still face the routine complexities of delayed payments, and for those oscillating with the ebbs and flows of seasonal demand, invoice factoring is the stabilizing force. Breakout Capital: Best for flexible payments. Even so, it’s important to understand the differences between the two. One of our. Thus, invoice factoring is an ideal financing solution for a business not wanting to wait 30,60 or 90 days for their receivables to roll in. The factoring company verifies your invoices, funds up to 90% of the invoice face value, then collects on those invoices directly from your customers (via a notice of assignment). To figure out which type of factoring is best for your business, start a chat or contact one of our representatives. Typical Advance Rate. Client Login . This business has 0 reviews. The fee is usually taken out of the invoice amount as a percentage. MAP. Once the customer pays the invoice, the company will remit the balance to you, minus their fee. Bloomington, MN 55420. Negotiated contracts may be on the lower end of this range, while spot contracting can be higher — it varies by company and situation. A factoring company in Minneapolis will buy your invoices and get you cash in as little as 48 hours. 545. Use the factoring cash for whatever — The funds can be used to cover payroll and other bills. For example, if you issue an invoice to a customer, they might have 90 days to pay it. 540. Step 2: The financial institution will provide you a cash advancement of 80% – 90% of the value of the invoices. Generally speaking, invoice discounting is a riskier proposition for lenders than factoring. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. Few financial factoring companies can say that. 2286. The ones that are specific to reverse factoring and not shared with invoice factoring are completely bolded. Convenient Our 150-day eligibility period on invoices plus limited covenants and reporting requirements keep the process hassle-free. The process is simple: Once you set up your account with the right factoring company. Small business invoice factoring is a financial transaction in which a small business “sells” its unpaid invoices to a factor at a discounted rate or for a small fee. Invoice factoring is a type of financing that allows business owners to get paid faster on invoices for work they’ve already performed. In an invoice factoring agreement, a business sells an outstanding invoice to a factoring company and in return receives a payment (s) to help meet their cash needs. The terms are simple and transparent and business owners can get factoring lines ranging from $5,000 up to $5 million, with rates as low as 0. Invoice factoring is by far the most convenient type of financing. But the truth is: we couldn’t be more different. For example, a small business may factor a $5,000 invoice with Net 45 terms and. MINNEAPOLIS – A federal grand jury returned an indictment against a Minneapolis woman for orchestrating an accounts receivable factoring fraud scheme and a PPP loan fraud scheme, announced U. Send Invoices Right Away Online. Invoice factoring is not just a strategy but a cornerstone for both seasoned enterprises and businesses navigating seasonal challenges. Invoice Factoring Example. · Irvine · Kansas City · Knoxville · Las Vegas · Los Angeles · Manchester · Memphis · Miami · Midland · Milwaukee · Minneapolis · Nashville. For instance, if an invoice of $5,000 is sold with a 3% factoring fee, the business owner receives $4,850, resulting in a lower profit with. 59%. Additional Fees. Then, your clients pay the factoring company instead of your business. altLINE Advances Up To 80-90% Of The Invoice Face Value. Get Your Free Quote. Start Factoring Your Freight Bills. A company’s accounts receivable balance is the amount of money the business is owed by clients and customers for goods or services already sold. Invoice factoring requires a similar fee (the service fee). Industries that commonly use invoice factoring All industries can benefit from invoice factoring: the quick turn-around time, the debt-free funding, and the streamlined approval process make it one of the easiest funding options to turn to. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. By converting these receivables to cash, you get cash sooner than standard. When the factoring company sends you the second payment, they’ll discount it by this pre-set fee. (800) 672-3844. Over 40 reliable years factoring invoices for companies nationwide. Instead of waiting 30, 60, or 90 days for customers to pay their invoices, small businesses can receive an advance payment. We also provide factoring services for other industries such as staffing, manufacturing, and business services. Minneapolis, MN Phone: 205-397-1260. Family owned and operated for over 27 years, we strive to provide personalized, top-notch service for every one of our customers. This gives you access to the funds you need to manage and grow your business. PO Financing. 545. Minneapolis, Minnesota, 55408 2751 Hennepin Ave, Minneapolis, Minnesota, 55408 Footer. Invoice Factoring 101; FAQ; Industries We Serve. Invoice Factoring; Factoring for Small Business;. Factoring for. Se Habla Español. We offer invoice factoring, AR financing, & DIP financing services to Oregon based companies. Our factoring veterans know what exactly to look for in helping you make the right credit decision for your Minneapolis company. It works like this: You provide goods or services to your customers in the normal way. Fee structure. Velocity Financial is a Midland, TX factoring company that specializes in oilfield service companies such as welding, trucking, rig services, and oilfield construction, just to name. CLIENT LOGIN. Here’s how it works: a factoring company gives you a certain percentage of the face value of your unpaid invoices. Factoring companies do take a fee, which can be high, especially if you look at the. 545. Instead, it gets up to 90% of the invoice amount within a few business days. Companies also no longer have to take care of their receivables management themselves and chase after unpaid invoices, as the service provider takes. 7 Best Invoice Factoring Companies. The buyer contracts with a third-party financial institution, or financial partner, that steps into the middle of certain buyer/seller. A factoring company is often involved in asset-based lending, such as financing accounts receivable and other commercial lendings. Invoice Factoring Calculator. Construction Factoring, Trucking factoring, manufacturer factoring, trucker factoring, spot factoring, contract factoring, best factoring, top factoring companies. Home; About Us . outstanding invoices with invoice factoring via FundThrough. Minneapolis is a city thriving with local business owners. 1-866-434-0567 . The primary purpose of invoice factoring is to improve the business’ cash flow by obtaining immediate funds. Using factoring to gain immediate financing for your business provides several benefits. Get Started Now. 1st Commercial Credit provides invoice factoring services in. You get paid $900 the same day you deliver the product. For more challenging, encumbered or complicated funding needs, turnaround is typically 3-4 business days. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job. Instead, it gets up to 90% of the invoice amount within a few business days. Invoice factoring is an alternative to bank lending. It is a financing option that companies can use to supplement other traditional means of financing. Factoring is a flexible business financing option that instantly lets you receive cash based on your outstanding accounts receivables. 855-755-FUND. Your customer pays after 35 days (or 5 weeks), so your fee is $180 ($30 per week). UTAH 2455 E. This guide will explain what invoice factoring is. 1. By entering your email, you agree to receive marketing emails from Shopify. Invoice factoring platforms give an accessible solution to invoicing. You can use the following formula to calculate the ROI: ROI = (Benefits - Cost) / Cost x 100%. 1st Commercial Credit’s account receivable factoring offers a solution that allows businesses in Minneapolis, Minnesota (MN) to turn outstanding invoices into immediate. Invoice Factoring with Blockchain gets the opportunity to. Direct Phone: 763-231-0046 Direct Email: [email protected] factoring is a financial transaction where a business sells its outstanding invoices to a third-party factoring business. SLR Business Credit's invoice-based financing, an alternative to asset-based lending, provides you with improved cash flow from your existing. Helping small businesses through tough times, rough markets, or other difficulties is a role North Mill Capital is proud to play. Factoring allows businesses to get paid for their products and services in days, rather than waiting between 30 and 90 days for payment. Summary of the best factoring companies of 2023. That makes it cheaper than invoice factoring but less flexible, as you cannot pick and choose the invoices that you want to raise funding against. We are a small business that brings the level of enterprise expertise to help drive you toward your goals. This can be a huge help for businesses that are struggling to make ends meet or that need to make large purchases. Invoice factoring companies especially live and die by their credit and collections decisions. <br><br>To explore how we can specifically help your business, I encourage you to reach out to me. So, if the business is waiting to be paid, it could jeopardize its business credit-building efforts. Invoice factoring can help small businesses access cash for short-term financing needs. Ben Van Zee founded Commonwealth Capital in 2011 with the goal of bringing accounts receivable factoring solutions to small, underserved business in the Upper Midwest. Invoice Factoring Example. 1200. The exact timing of your cash advance deposit generally depends on when your customer receives the goods or. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. For instance, a factoring company could charge you 1% of the value of the invoice per month. FundThrough helps you access. DIP Financing:. Day 1: You sell $1,000 worth of widgets to ABC Company, who has NET30 payment terms. Minneapolis Office Location: 3470 Washington Drive #206. Minneapolis : Minnesota Government Factoring : Fast, simple, and very competitive. Invoice factoring is a form of business funding that companies can utilize quicker than a traditional bank loan. AmeriTrust Capital Corp. However, it takes place in two phases. New York Invoice Factoring Cost. With a supply chain finance program through LSQ, buyers tap into third-party funding to hang on to their cash longer, while suppliers gain on-demand access to payments to keep their business moving forward. Most freight factors charge between 2. We provide accounts receivable financing, invoice factoring, payroll funding, and freight factoring to businesses throughout Minnesota, the Upper Midwest, and the United States. CLIENT LOGIN. Invoice Factoring Solutions;. 08%. You can generally expect a factoring advance rate of 90-95% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission. e. Top Factoring Companies for Trucking. You have an outstanding invoice from a customer for KES 10,000. We also provide factoring services for other industries such as staffing, manufacturing, and business services. Rather than waiting 30, 60, 90 or even 120 days to get paid by the government, you’ll receive an advance payment that’s worth up to 90% of the value of an invoice within. Invoice factoring, also known as accounts receivable financing, is a financial solution that allows businesses to convert 70 percent to 90 percent of unpaid invoices into immediate. 1-888-865-7678;. A factoring agreement is a financial contract that regulates the relationship between a factoring company and a client for the provision of invoice factoring services.