Maintaining a steady and adaptable cash flow is crucial for the success of any business, especially if you offer trade credit terms. Delays in customer payments can create unwelcome pressure on your cash flow. Invoice factoring is a helpful solution for alleviating this pressure by allowing you to sell your open invoices to a third party (factoring company) in return for an upfront advance on their value.
Depending on your needs, Commerce Commercial Credit can offer your company factoring lines of between $250,000 and $10 million per month. They charge no facility or audit fees, no hidden fees, and you get notified of your approval status on the same day. Your initial account setup won’t take longer than 3 – 5 days, and every transaction thereafter will be paid out within 24 hours.
This company offers invoice factoring services to the following industries: