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Illinois Invoice Factoring

The Chicago metropolitan area is home to many of the United States’ largest companies, including Boeing, McDonald’s, and United Airlines. The Chicago area economy headquarters a large number of financial institutions and is home to the largest futures exchange in the world. Many small businesses in Illinois rely on invoice factoring for working capital needs.

Immediate Cash

An Illinois factoring company buys your invoices for immediate cash, then performs the collection of those invoices. The factoring company pays you up front which frees you from the 30, 60, or 90-day terms on your invoices.

Bank Alternative

Accounts receivable factoring is an ideal alternative for small businesses that need financing but aren’t ready for bank financing. Rather than sinking into debt and making loan payments, invoice factoring provides a constant flow of working capital.

Serving B2B Businesses

Commercial businesses that provide goods or services to other businesses (B2B) can benefit from invoice factoring. Industries that benefit particularly well are staffing agencies, service businesses, and manufacturers.

Approval In 5 to 10 Days

Illinois factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.

Accounts Receivable Financing

Invoice factoring provides cash flow

Cash flow Solution

Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.

Invoice factoring provides receivables management

Receivables Management

Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.

Invoice factoring provides business credit services

Business Credit Services

Factoring companies analyze your customers’ credit scores and monitor credit limits to protect you from bad debt losses.

Invoice financing has no loans or debt

No Loans Or debt

Accounts receivable financing doesn’t involve risky loans or debt and doesn’t require you to make loan repayments.

Invoice financing is quick and easy

Quick And Easy

Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.

Invoice financing provides peace of mind

Peace of mind

Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.

Invoice Factoring Is Quick & Easy

After you complete the sale of goods or services to your customer, send your invoice to your factoring company.

Your factoring company buys your invoice and sends you 80% to 95% of the invoice amount within 24 to 48 hours.

Your factoring company collects the accounts receivable from your customer and sends you the reserve as final payment.

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