This can be particularly helpful because instead of having to wait as long as 90 to 120 days for customers to pay your business, you can get this money in a matter of days from Platform Funding!
With invoice factoring you have immediate, ongoing cash flow and there is no collateral required. Not only will your business have a much better chance of approval for invoice factoring than a traditional business loan, but factoring your invoices will give you the added flexibility of borrowing an amount that is decided by your current invoices.
The process of applying for invoice factoring is unbelievably simple when compared to the traditional bank loan process. If you’re looking for a low-risk, high-reward way to get working capital for your business, talk to us about factoring options.
Let Platform Funding get you $5,000 – $3 million per month and remember the amount factored is contingent on your invoices so you won’t be surprised by a sudden change in economic climate, or any external factors, and you’ll be able to use the working capital at the rate you think is best.
Why choose factoring?
Factoring turns your invoices into immediate capital. You sell your invoices and we advance you immediate funds, then we collect from your customers and advance you the balance minus a small fee.
The 4 biggest factors that we consider when providing invoice factoring are: