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Invoice Factoring

Invoice Factoring


What is invoice factoring?

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs

 

Documents Required:

  • 3 Months of Bank Statements
  • Proof of Ownership
  • Invoices AR aging report
  • Contracts for major invoices
  • P+L for at least 3 months

 

Criteria

  • 530+ Fico required
  • Average monthly income 40k+
  • B2B or Both
  • No Healthcare, No financial Industries, No “sin” industries, No trucking

 

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