Factoring Companies for Single Invoices
Featured factoring companies
Single invoice factoring
Single invoice finance, sometimes referred to as spot factoring, is used by businesses facing a temporary cash crunch. Often the business has just won a large contract or obtained a big sales order. Single invoice factoring is common in the construction industry. Often, it’s accompanied by purchase order financing.
Invoice financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get paid so you can pay your employees or suppliers.
Single invoice factoring costs more than regular factoring arrangements because the factoring company must recoup the cost of due diligence and underwriting services for a single transaction.
The task of securing funding for single orders or jobs is difficult, particularly when banks are hesitant to lend to small businesses anyway. Bank loan approvals can take several weeks or months.
Many factoring companies don’t offer single invoice financing. Those that do provide this service justify it because it may lead to a long-term factoring relationship in the future.
Invoice factoring is easy as 1-2-3
Accounts receivable financing
Cash flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
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.