Turn unpaid invoices into cash flow.
Receive up to 90% of your invoice amount within a day.
Seamlessly turn outstanding invoices into cash
Cash flow without the debt
Invoice factoring isn’t a loan so it doesn’t increase your financial obligations. Rather, it lets you receive an upfront payment on invoices for goods or services you’ve already delivered, eliminating the need to wait 30, 60, or 90 days for your clients to pay.
Simple qualifications
When evaluating options for financing, invoice factoring, which focuses on the value of your invoices and the credit reliability of your clients, can be an excellent choice for businesses that do not meet the criteria for conventional financing products.
Unlock cash flow
Address the shortfalls in your funding by quickly acquiring access to the working capital you need. Gain the ability to have funds for your unpaid invoices transferred to you in a time frame as short as 24 hours.
No collateral required
Since invoice factoring entails selling your invoices, they serve as security for your financing. Consequently, there’s no requirement to put other business assets like real estate, equipment, or inventory at risk.
Qualifications
- Business to business "B2B" transactions
- Outstanding invoices 30-90 days
- Creditworthy customers
- Invoice aging report
Invoice Factoring 101
Why invoice factoring?
Every business depends on the continuous movement of money to manage and sustain the expenses associated with expansion and development. Utilizing the funds from your accounts receivable as a means to finance the necessities of your company’s cash flow represents a sustainable strategy for the long haul.
Understanding invoice factoring
Invoice factoring is when a company sells its invoices to another company (the factoring company). The business then gets some cash upfront, which is a portion of what the invoices are worth. The company that bought the invoices takes over getting the payments from the customers who still owe money.
Get Approved for Invoice Factoring
Step 1
Application Process
Respond to a few straightforward questions in under three minutes to kick-start the process.
Step 2
Upload Invoices
Upload your invoices and any other supporting documentation for review.
Step 3
Discuss and Finalize
Thoroughly review the specifics with a financing expert to make sure you grasp all the details.
Frequently Asked Questions
Start by filling out our easy application. After submission, an Affinity processor will contact you and help you through every part of the process.
Invoice factoring entails transferring your outstanding invoices to a firm in return for instant cash. On the other hand, invoice financing leverages the invoices as security to secure a loan or credit line.
Yes. All invoice factors require some type of UCC (Uniform Commercial Code) filing.