Stop waiting 30, 60, and even up to 90 days for your customers to pay their invoices. With accounts receivable factoring, also known as invoice factoring or asset-based lending, your business can access working capital in just a few easy steps.
"If you don’t do it excellently, don’t do it all. Because if it’s not excellent, it won’t be profitable or fun, and if you’re not in business for fun or profit, what the heck are you doing there?" - ROBERT TOWNSEND
An effective alternative to a bank loan, invoice factoring helps you meet operational expenses or take on new client accounts when you are short of cash. Vertex Financial will buy your unpaid invoices, allowing you to generate cash in hand in 24 hours, or even the same day, for a minimal fee.
Accounts receivable factoring allows you to:
Invoice factoring is also known as accounts receivable financing, invoice financing, and factoring invoices. With this type of financing, you can generate working capital from your unpaid invoices.
Vertex Financial will buy your invoices from you, providing you with much-needed financial resources to continue critical business operations.
Invoice Factoring is much different than a traditional business loan because it provides you with cash you already earned. Quick access to working capital gives you additional flexibility without the burden of debt that would come with a traditional loan.
All types of companies use factoring to insure consistent cashflow, including:
Factoring works like this: Set up an account with Vertex. You email us the invoices you want funded. We perform credit on debtors and verification on invoice and funding generally takes place within 24 hours. We then collect the unpaid invoice from your account debtor.
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