You Have Invoice Factoring Questions. We Have Answers.
What is accounts receivable factoring?
Accounts receivable factoring, also called "AR finance," is a method of small business financing involving three parties: the factoring company (or "factor"), a small business and the small business' customer(s). With a factoring facility, the factor purchases the small business' outstanding invoices, providing fast access to needed funds. The factor then helps collect on the outstanding invoices, and helps manage the company's credit risk and accounts receivable. Click here for more information.
What is the difference between invoice factoring, accounts receivable factoring and factoring?
In a word: nothing. "Invoice factoring," "accounts receivable factoring," and "factoring" are interchangeable terms. These terms are sometimes also used synonymously with "single invoice financing," and "accounts receivable financing."
Is factoring the same as a small business loan?
No. Commercial accounts receivable factoring services are not loans. With capital factoring, we purchase your invoices for up to 95% of their face value, providing you with the operating capital you need in as little as 48 hours. Then we help collect on your outstanding invoices and we help manage your credit risk and accounts receivable.
Does my personal or business credit history matter?
Unlike small business loans, AR factoring approvals are not based on your personal or business credit history. Instead, we consider the value of your outstanding invoices and the creditworthiness of your customers.
How do I know if my business would benefit from accounts receivable factoring services?
In nearly every industry, small businesses benefit from accounts receivable factoring services. Accounts receivable factoring may benefit your business if:
- Your business needs operating funds
- Your business needs money to grow
- You want to minimize your credit risk
- You do not qualify for traditional small business loans
How do I know if my business qualifies for accounts receivable factoring services with Fast A/R Funding?
Qualifying for accounts receivable factoring services with our factoring firm is easy! You may qualify if your business:
- Has annual sales between $250,000 and $5,000,000
- Provides goods or services to creditworthy U.S. customers
- Operates on net 30-, 60- or 90-day terms
Our cash flow consultants are available 24/7 to answer your questions. Call 888.833.2286 or email us at email@example.com for more information.
How do I get paid?
Fast A/R Funding employs industry-leading, proprietary technology that allows us to operate without the delays of paper-based applications and mailed checks. Once approved, we provide your funds through wire transfer to your bank, typically in less than 48 hours.
How do my invoices get paid?
One of the best things about factoring services is that we help manage your accounts receivable and your credit risk, which saves you time and money. Instead of repeatedly billing customers and tracking payments, you focus on your business while your customers remit payment directly to Fast A/R Funding. With our world-class customer support team and cutting-edge technology, rely on Fast A/R Funding to provide the best tools and service to make factoring a smooth process for you and your customers.
My industry is not listed on your website. Do you serve other industries?
Absolutely. Fast A/R Funding provides invoice factoring services to an increasing variety of businesses. Please call 888.833.2286 or email us at firstname.lastname@example.org for more information.
My location is not listed on your website. Can I still apply?
Definitely. We accept applications from companies doing business throughout the United States. We are constantly updating and expanding our website, so new areas are added regularly. In the meantime, we invite you to apply online, call us at 888.833.2286, or email our cash flow consultants at email@example.com for more information.