Illinois
Factoring Companies
Illinois Factoring
Factoring is a simple process where a factoring company buys your invoices for immediate cash, then performs the collection of those invoices. The factoring company pays you up front before the invoices are paid by your customers, which gives you immediate cash flow. This frees your business from the 30, 60, or 90-day terms on your invoices.
Accounts receivable factoring is a very accessible business funding option. It's an ideal alternative for small businesses that need financing but aren't ready for bank financing.
Virtually any commercial business that provides goods or services for another business (B2B) qualifies for invoice factoring. Some industries that benefit particularly well from working with Illinois factoring companies include medical groups, staffing agencies, government contractors, and manufacturers or distributors.
Invoice Financing
Is Quick & Easy
Choosing a
Factoring Company
Accounts Receivable Financing
Cash Flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Receivables Management
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers' credit scores and monitor credit limits to protect you from bad debt losses.
No Loans or Debt
Accounts receivable financing doesn't involve risky loans or debt and doesn't require you to make loan repayments.
Quick and Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of Mind
Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.
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Guide to Factoring Receivables
Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.
