Global Trade Center 7697 Innovation Way, Suite # 200 Mason, OH 45040
(844) 467-7973

Apply Online

Securely complete our online pre-qualification form or call us at (844)-INSPYRE.

24 Hour Approval

Review options with your funding advisor and choose one that best fits your needs.

Receive Funds

Receive funds as soon as the next business day upon accepting the offer.

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What is Invoice Factoring?

Turns your invoices into instant cash: Factoring turns your invoices into instant cash. Under our Invoice Factoring program, you can sell your unpaid invoices for cash at a discount.

Immediate access to your own money: It’s a form of alternative financing that empowers you to unlock your working capital tied up in unpaid invoices for 30/60/90 days and turn them into immediate cash.

Access to unlimited working capital: As long as your customers keep paying per terms and the factor keeps getting paid, the cycle can continue, and you will have access to cash for as long as you choose to factor your invoices.

What is Invoice Factoring?

Turns your invoices into instant cash: Factoring turns your invoices into instant cash. Under our Invoice Factoring program, you can sell your unpaid invoices for cash at a discount.

Immediate access to your own money: It’s a form of alternative financing that empowers you to unlock your working capital tied up in unpaid invoices for 30/60/90 days and turn them into immediate cash.

Access to unlimited working capital: As long as your customers keep paying per terms and the factor keeps getting paid, the cycle can continue, and you will have access to cash for as long as you choose to factor your invoices.

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How does Factoring work?

  • You sell outstanding invoices for cash: assume you sell outstanding invoices to a factoring company. The factoring company conducts its due diligence and being satisfied about the customer’s creditworthiness, advances you 90% of the invoice’s value
  • Customer remits payment to factor: The customer is instructed to remit payment to the factoring company directly, usually to a lockbox, not to you.
  • Cost of factoring: When the factoring company receives payment on an invoice, it remits the remaining 10% less a factoring fee of say 3% to you. While you receive 97% of the original invoice value, you receive it now as opposed to 30/60/90 days later, providing much needed cash to meet your commitments and run your operations smoothly.

You may choose recourse factoring where you sell your invoices but retain the credit risk, or non-recourse factoring, where the factor assumes the credit risk

Why factor your invoices?

Instant cash for opportunities/emergencies: Instant cash to hire people, pursue opportunities, grow your business with the financial stability to weather any bumps along the way.

Helps streamline credit and collections: The factor becomes your credit manager and accounts receivable department. Instead of spending time and resources collecting from your customers you can now focus on what you do best – grow your business.

Factoring is Best For?

  • B2B and B2G Business: Factoring works great for business-to-business (B2B) and business-to-government (B2G) entities selling to customers with good credit who take too long to pay.
  • Startups and Businesses with Poor Credit: As factoring does not rely on your credit rating nor requires a collateral, it can provide quick and easy access to cash, particularly for startups and businesses with impaired credit history.

Benefits of Factoring

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  • Frees up cash for working capital

    Get cash now, when you need it

  • Lifeline for businesses with poor credit

    It’s based on your customers’ credit, not yours

  • Funding scales with your growth

    As your sales grow so does your funding

  • You control your funding

    You choose when, how many and which invoices to factor.

  • Streamlines Accounting

    Great way to outsource Accounts Receivable to the experts

  • Mitigates bad debts

    Ideal for businesses that lack of in-house credit and collection expertise

Key Features

Easy, Simple Application

Minimal Paperwork required for Application.

Fast Funding

Approvals and funding for MCA is usually very fast- typically within 24-48 hours

Bad Credit is Okay

Eligibility based on future cash flows, rather than your credit score

No Collateral Required

Does not require a collateral to secure funding

Unrestricted Use of Funds

We provide the funds; you choose how to use them.

Repayments Scale with Sales

Based on percentage of sales, repayments scale up/down with higher/lower sales

Industries We Serve

No matter your industry, we serve nearly all industries. Check out the list of industries that we commonly serve.

Do You Qualify?

Minimum Eligibility

  • 6+ months in business.
  • $10,000 in monthly revenues.
  • B2B or B2G business
  • Your business is based in the United States

What you'll need to apply

  • Application
  • Last 4 months bank statements
  • Current Account Aging Report
  • List of customersanyoicsa you'd like to Factor
  • Articles of Organization or DBA Filing
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Our 3 Step Funding Process

Apply Online

Take a few minutes to share information about yourself and your business by completing the secure online prequalification form. A funding advisor will reach out to you within the next business day to learn more about your goals.

24 Hour Approval

We review your information to qualify and match you with the best funding programs in our network. Your funding advisor reviews your options with you and helps you choose the optimum funding solution that best fits your needs.

Receive Funds

Receive funds as soon as the next business day upon accepting the offer. Our turnaround times are among the fastest in the industry.

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Ready to grow your business with us?

Let us help you unlock your business potential.