Factoring Express offers one of the highest payment advances among the best invoice factoring companies. We strive to send your funds within hours with no reserves.
We make invoice factoring simple for our clients. We never force long-term contracts as part of our flexible and stress-free service.
We conduct free credit checks on your customers to establish their financial reputation. Through this, we can offer non-recourse factoring where the advance payment is yours to keep even if we don’t collect.
We want your business to grow! So once you’re ready to run an AR department on your own, our team will ensure a smooth-sailing transition.
Invoice your client with net terms of 30-90 days
Sell Invoice to Factoring Company
Factoring Company advances you approx. 80% of Invoice
Client pays Factoring Company
Factoring Company pays you remainder of Invoice, minus fees
Invoice your client with net terms of 30-90 days
Sell Invoice to Factoring Company
Factoring Company advances you approx. 80% of Invoice
Client pays Factoring Company
Factoring Company pays you remainder of Invoice, minus fees
Factoring your invoices can provide cash for fuel, repairs, insurance, other bills and help you grow your business.
Braylen George
Ross Ida
Colleen Brion
Kingsley Tarah
Very professional sales dept. and the team lead helped me and my team get through all our invoicing like a pro. Our paperwork is a mess when we contacted Factoring Express, but they are so patient and understanding.
Royle Patton
Evalyn Thurstan
Colleen Brion
Evalyn Thurstan
What is invoice factoring?
Invoice factoring allows business owners to get paid fast without waiting for their customers to send the payment. A factoring company will pay a large percentage of your invoice (up to 97% in Factoring Express!) and handle the collection from your customer. This way, you’ll get the much-needed funding to cover your expenses and improve your cash flow.
Why does your business need invoice factoring?
Your business operates using cold cash, but if your customers don’t pay early, you won’t have enough capital. This translates to slow business growth and out-of-pocket expenses. But all of these can be prevented with invoice factoring. For a small percentage fee, you will receive your funds within 24 hours instead of 30, 60, or even 90 days. It also saves you from bad debts just to make ends meet.
Can I sell my invoices?
Yes! You can choose which invoices you want to sell and be factored. We give flexible factoring terms to match your business needs. We will help you decide what is best for your company.
How much does invoice factoring cost?
Invoice factoring companies use a percentage system in calculating your fees. With Factoring Express, your rates can be as low as 1.99%, depending on the details of your invoice. The fees will be collected to the balance the factoring company will collect from your customer. Overall, it’s a small fee compared to the losses and bad debts you will avoid.
What are the types of invoice factoring?
There are two major types of invoice factoring: recourse and non-recourse. With recourse factoring, your business is liable for any unpaid invoices. This means that the factored amount will be charged as bad debt to your company, which you have to pay.
Meanwhile, non-recourse factoring frees you from any liability should the customer fails to pay the invoice. However, fees are higher due to the associated risk.
What invoices qualify for factoring?
Factoring is available to all commercial invoices as long as the customer is a business entity and not an individual. Before factoring, the product or services must be delivered, completed, and accepted by the client. Also, your customer/client must pass the creditworthiness check to ensure that they are not a non-payment risk.
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