Invoice Factoring

Invoice factoring is a receivables-based way to fund your business. Faccorp purchases your eligible B2B invoices and advances a portion of the value before your customer pays, so you can put working capital to use now instead of waiting 30, 60, or 90 days. What we can offer depends on your invoices, your customers’ credit, and how the deal looks overall.

How it works

1. You deliver your product or service and invoice your customer as usual.
2. You submit the invoice to Faccorp. After approval, we advance a portion of its value.
3. Your customer pays Faccorp directly.
4. We release the remaining balance to you, less our fee.

Recourse factoring

With recourse factoring, we advance cash on approved invoices, based mostly on how creditworthy your customers are. If an invoice never gets paid, it comes back to you. It is the simplest setup and works well when your customers pay reliably.

Non-recourse factoring

Non-recourse factoring adds credit protection. On approved invoices, you are covered if your customer goes under and cannot pay, so that risk moves to Faccorp. We confirm what is available when we review your account.

When factoring may make sense

• You have B2B invoices but customers pay on 30, 60, or 90 day terms.
• You need working capital for payroll, materials, suppliers, or new work.
• You are too small or too new for a traditional bank line, or need a faster answer.
• Your company is a fit for staffing, manufacturing, oil and gas, wholesale and distribution, or professional services.
• Faccorp does not factor transportation, medical, or construction.

Good to know

• Facilities range from start-up size up to $5,000,000.
• Every deal is reviewed and approved before funding.
• Pricing depends on your business, so we set it case by case rather than posting rates.

Request a Financing Review