By and large the more crucial aspect of securing working capital is the ability to get it fast and easily. Undoubtedly invoice factoring provides the quickest access to commercial financing for a growth company. As a factoring company we can set up an account in five to ten business days. It only takes a minimum amount of paperwork in order to prepare a proposal. Once we agree to terms a factoring agreement is shared and you are set up to go. From then on, as you submit an invoice for financing, you get the funding same day or the next.
All of this speed is predicated on your ability to quickly access and provide the documentation we need for our due diligence – AND that there are no encumbering entities with title to your business assets. Typically these things will slow the process down considerably.
But with your cooperation, from the time we first speak until we are wiring money into your bank account can be literally days, not weeks or months.