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If you are sending out invoices which are due in 30 days but your customers take up to 30, 60, or 90 days to pay you, then invoice factoring is the answer to your cash flow problems. If you are a rapidly growing company you may have a large amount of money in receivables that you can’t tap from a traditional lender. In fact, fast growth creates an inordinate need for working capital. With the economy slowing, banks are curtailing lending and, when they do that, small businesses are always the first to get hurt. Invoice factoring allows you to leverage your large invoices to gain immediate access to cash.

Through the process of invoice factoring you may sell your receivables to a funding source (a Factor). Typically the Factor will advance you 75% to 85% of your total amount and retain the difference in a reserve. When the Factor collects on the receivables they will reimburse the reserve amount minus the fee which is typically 3% to 5%. You can see that after the first month you will be virtually running a C.O.D. business.

The process to start factoring accounts receivable is simple.  We begin with a preliminary evaluation of your business and customer base. Then we design a factoring program that is effective and appropriate for you.  The process can be easily setup within a couple of days.

Let Sovereign Funding Group help you obtain the capital that fuels your business.

Feel free to contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or email us if you have any questions.