Is Accrue Factoring, LLC the Right Factoring Company for You?
Accrue Factoring, LLC is an independent factoring company with specialized services for small and mid-sized businesses.
Founded by Byron Robinson in 2023, Accrue Factoring has a team of financial experts with years of experience in the industry who are committed to providing their customers with the best possible service.
Accrue Factoring’s Factoring Services
Invoice factoring turns your unpaid B2B invoices into instant cash. Most businesses qualify, including those with bad credit and those that have been turned down for bank loans. It also doesn’t create debt like most business funding solutions and provides funding quickly, so it’s ideal for many businesses and situations.
Whereas some factoring companies offer additional funding services, Accrue focuses exclusively on invoice factoring.
Most accounts are set up and ready to fund within five to ten days of applying. Invoice advances are typically funded within 24 hours of invoice submission. Accrue factoring offers competitive rates, with factoring fees typically between two and five percent of an invoice’s value.
Accrue’s Invoice Factoring Process
Accrue follows a five-step factoring process.
1.
Set Up Your Account
2.
Submit Your Invoice
Most B2B businesses that invoice customers for goods sold or services completed qualify. Accounts are typically active within five to ten days, though the timeline varies depending on the speed at which you provide required documentation.
Accrue will perform a quick check to ensure the invoice is valid and you’re good to go.
3.
Receive Your Advance
4.
Accrue Waits for Payment
You’ll receive an advance worth most of the invoice’s value, usually within 24 hours. Many companies use their advances for things like payroll, inventory, or business growth initiatives. However, You’re free to spend your advance however you choose.
You can focus on the day-to-day aspects of running and growing your business and no longer need to chase invoices. Accrue will wait for your customer to pay.
5.
Receive the Remaining Sum
You’ll receive the remaining value of the invoice minus a small factoring fee when your customer pays their invoice.
Industries Accrue Factoring Serves
Working with someone who understands your industry helps ensure the process is smooth. Accrue provides factoring services across a wide variety of industries, making the company a good fit for most businesses. Some industries Accrue serves include:
Accrue Factoring Location
Accrue Factoring is a Virginia-based factoring company located at:
Alternatives to Accrue Factoring
Invoice factoring is a versatile business funding solution that works for most companies. Visit our Invoice Factoring Guide to learn more about the benefits and how it works.
There are hundreds of factoring companies in the United States. Each one operates uniquely and serves a different demographic. If you’d like to streamline your search, we’re happy to match you with a factoring company that offers competitive rates and specializes in your industry. Request a complimentary factoring rate quote to get started.
Accrue’s Invoice Factoring Process
Accrue follows a five-step factoring process.
Most B2B businesses that invoice customers for goods sold or services completed qualify. Accounts are typically active within five to ten days, though the timeline varies depending on the speed at which you provide required documentation.
Accrue will perform a quick check to ensure the invoice is valid and you’re good to go.
You’ll receive an advance worth most of the invoice’s value, usually within 24 hours. Many companies use their advances for things like payroll, inventory, or business growth initiatives. However, You’re free to spend your advance however you choose.
You can focus on the day-to-day aspects of running and growing your business and no longer need to chase invoices. Accrue will wait for your customer to pay.
You’ll receive the remaining value of the invoice minus a small factoring fee when your customer pays their invoice.
Working with someone who understands your industry helps ensure the process is smooth. Accrue provides factoring services across a wide variety of industries, making the company a good fit for most businesses. Some industries Accrue serves include:
Accrue Factoring is a Virginia-based factoring company located at:
Invoice factoring is a versatile business funding solution that works for most companies. Visit our Invoice Factoring Guide to learn more about the benefits and how it works.
There are hundreds of factoring companies in the United States. Each one operates uniquely and serves a different demographic. If you’d like to streamline your search, we’re happy to match you with a factoring company that offers competitive rates and specializes in your industry. Request a complimentary factoring rate quote to get started.
