How Invoice Factoring Works
When you have outstanding invoices, it can take up to 90 days for a client to settle the bill. Invoice factoring is when you sell these invoices to a third party for an immediate cash advance on the balance due.
At Synergy Funding, we make it easy to use factoring whenever you need it. The advance is based upon your client’s credit history, so whether your credit score is less than desirable or you’re still new to the industry, that shouldn’t affect your ability to receive fast payment.
Once you submit your invoices to us, we advance you the invoice due amount immediately, minus our small factoring fee.
We handle all of the collection for you. All you have to worry about is getting your money and running your operations. We make sure that all of our clients are satisfied with our fast and friendly service. Call us to find out more about how we can assist you.
How to Begin Invoice Factoring
Every company is different, which is why we make sure to offer customized factoring services for all of our clients. We will work with you to figure out the right solution for your cash flow issues so that you can get the money you need without having to pay high fees or interest rates.
