Businesses from every sector and throughout the United States depend on Invoice Factoring not only for one time financing, but for ongoing funding for their daily operations, payroll expenses, and expansion projects. That’s because with Invoice Factoring, we purchase your accounts receivables and pay you a high advance up to 98% of the total receivables amount within 24 hours.
Invoice Factoring is not a loan. It is the purchase of your accounts receivable assets. We provide you with an advance payment for services or products you’ve already sold so that you don’t have to wait for your customers to pay.
Simply put, we purchase your accounts receivables for immediate cash. When you invoice your customers, it may take up to 30, 45, 60 days, or even longer to receive payment. Many companies are left anxiously waiting for slow paying clients to remit payment so that they can cover their day to day expenses. With Invoice Factoring, the wait is over. Let us purchase your invoices and pay you a high percentage of your receivables upfront and the remainder as soon as your customer’ bills are paid in full.
At Sell My Invoice, we do much more than purchase your accounts receivable. We partner with you and become part of your company’s cash flow credit and collection arm. We handle many of these logistics so you don’t have to. When we purchase your invoices, they become our invoices. You no longer are responsible for making sure they are paid.
You can choose to use our services one time if you are facing a sudden decline in revenue if you prefer. However, most of our clients use factoring on an ongoing basis and implement our affordable factor fee into their budget and cost of services.
Traditional bank loans for businesses may take upwards of 90 days or more to approve and then additional time to receive funding. This timetable may be ok for a company who has cash reserves and needs the loan for a carefully planned, long-term project. But for everyday expenses, a bank loan rarely arrives in the time frame when you really need it. Invoice Factoring, on the other hand, is a very fast process both during the application process and afterward when you turn in your invoices and wait for payment.
The initial application process takes between 2 and 5 business days to approve. After that, you can begin selling your invoices immediately and receive your first payment within 24 hours. Same day cash payments are one of the primary reasons businesses rely on Sell My Invoice to provide regular funding for most or all of their expenses, from daily operations to company-wide expansion projects.
Businesses at every stage of growth and development rely on Sell My Invoice to provide financing solutions through Invoice Factoring. Our debt-free financing, same day cash payments, and high advances are exactly what our clients need for their businesses to thrive. Here are some of the most common business scenarios from companies who seek our services:
The immediate cash flow that comes with Invoice Factoring gives your company complete flexibility to cover all types of expenses including general overhead, employee wages, strategic growth projects, inventory expansion, fuel for truckers, insurance costs, employee benefits, and much, much more!
If you find yourself checking your company’s bank balance every Friday morning before you submit payroll or frantically calling clients to ensure they received their invoice, please call us. We will assess your situation and explain how Invoice Factoring can benefit your company now and for years to come.
If you would like to learn more about Invoice Factoring or have questions about our services, feel free to call Sell My Invoice any time. We will provide you with a no-obligation assessment of your finances and help you start the easy application process today.