Invoice E-Factoring Solutions from Platform Funding

We can help your business get up to $3 Million in Financing

Our team has helped over 15K businesses receive
$1 Billion+ Funding

Unlike standard business loans or revenue advances, invoice factoring creates an increase in cash with money that’s already owed to your business by customers.

Why choose factoring?

Factoring turns your invoices into immediate capital. You sell your invoices and you receive the funds immediately.

Have you ever found yourself in a tight spot, waiting for customers to pay their invoices while your bills pile up? If so, you’re in good company. Many businesses face this issue. As a small business owner, you know that cash flow is essential to keep your business running smoothly. However, sometimes customers don’t pay their invoices on time, which can cause a cash flow problem. This is where invoice factoring comes in. Invoice factoring is a financing solution that allows you to get paid quickly for your outstanding invoices.

This can be particularly helpful because instead of having to wait as long as 90 to 120 days for customers to pay your business, Platform Funding can help you access this money in a matter of days!

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 approvals between $5,000 – $3 million, 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, allowing you to use the working capital at the rate you think is best.

No matter your industry, we have the experience and knowledge to help you get the working capital you need. Contact us today to learn more about our factoring options and how we can help you grow your business.

Why choose Platform Funding?

  • Get Up to 3 Million in Financing

  • Excelling in Customer Service

  • Competitive Rates & Terms

  • Cash Advances Specific to You

  • Offices throughout the United States

Success Stories

What our customers are saying

The Advantages of Invoice Factoring for Small Businesses

Small business invoice factoring is a smart choice for many companies. Here are some of the key advantages it can bring:

Invoice factoring can solve one of the biggest problems faced by small businesses – the cash flow gap between providing a service and getting paid for it. With invoice factoring, you get immediate cash, which can help cover operational costs, meet payroll, or invest in growth opportunities.

Unlike traditional loans, invoice factoring does not create debt on your balance sheet, keeping your credit score intact. You are simply getting an advance on work you’ve already done.

Invoice factoring is primarily based on your clients’ creditworthiness, not yours. This is particularly beneficial for small businesses or startups with a limited credit history.

How Construction Invoice Factoring Works

Platform Funding is your go-to company for a wide range of leasing solutions designed to meet the diverse needs of businesses across various industries. Our flexible and cost-effective options enable you to acquire the essential equipment required for growth and success, from furniture and software to vehicles and specialized machinery.

Choose Platform Funding for your specialized equipment leasing needs and experience the difference our tailored options we can provide for your business. With our expertise and commitment to your success, you’ll have access to the tools and resources necessary to thrive in your market and stay ahead of the competition.

Below are some leasing solutions we can help you with:

Invoice factoring ensures that construction companies get paid promptly for their work, allowing them to meet their financial obligations on time.

With improved cash flow, construction businesses can take on more projects without worrying about the financial strain.

The Role of Trucking Invoice Factoring

The trucking industry often has to deal with late payments. Trucking invoice factoring can help businesses avoid such issues, ensuring smooth operations.

Trucking companies can use the immediate cash to cover fuel costs, repair expenses, and pay drivers.

Trucking companies can choose which invoices to factor, giving them control over their cash flow and business finances.

Choosing the Right Factoring Company

Choosing the right invoice factoring company is crucial. Here are a few points to consider:

Ensure that the company has clear, upfront pricing without any hidden fees.

Choose a company that has experience in your industry. They’ll understand your challenges better.

Look for a company that offers excellent customer service, as you’ll likely interact with them regularly.

Why Choose Platform Funding for Invoice Factoring?

At Platform Funding, we understand that every business is unique and deserves a personalized approach to invoice factoring. We strive to offer the best financial solutions that align with your business goals.

We offer funding options/opportunities between $5K to $3M, based on different factors and criteria. No matter how much or little you need, we’ll find the best financing plan for you.

With our experience in a range of industries, we can provide expert guidance tailored to your specific business needs.

We are dedicated to providing excellent service. From our first interaction and throughout our relationship, we’ll be there to support your business growth.

Let Platform Funding be your Partner for Invoice Factoring

Invoice factoring is an empowering financial solution that helps businesses maintain steady cash flow, manage finances effectively, and invest in growth opportunities. No matter your industry—whether it’s construction, trucking, or any other—invoice factoring could be the key to unlocking your business potential.

So why wait? Let’s take the next step towards financial stability together!  We’re excited to be your invoice factoring company, paving the way for a more financially stable and prosperous future for your business. We understand the unique challenges you face, and we’re here to provide the financial solutions tailored to your needs. 

Our commitment to excellent service and our deep industry knowledge sets us apart. We look forward to being a key part of your growth journey, helping you turn your outstanding invoices into immediate cash to fund your operations, meet your financial commitments, and seize new business opportunities. With Platform Funding as your trusted partner, rest assured that your financial needs are in capable hands. Let’s embark on this journey towards enhanced cash flow and financial freedom together! 

Contact us to learn more about our services and how we can support your business. We’re ready when you are!

We can help your business get up to $3 Million in Financing. Some of the industries we serve include: 

Factoring Frequently Asked Questions

Answer: Invoice factoring, also known as accounts receivable factoring, is a financial transaction where a business sells its outstanding invoices or receivables to a third party (a factoring company) at a discount. In return, the business gets a percentage of the invoice value.

Answer: Here’s how the process typically unfolds:

  1. You deliver goods or services to your client and issue an invoice.
  2. You sell this invoice to a factoring company.
  3. The factoring company advances you a percentage of the invoice’s face value.
  4. Your client pays the invoice directly to the factoring company.
  5. The factoring company gives you the remaining balance of the invoice, minus their fees.

Simple, right? This solution can provide your business with the liquidity it needs to keep things running smoothly, especially during challenging times.

Answer: Invoice factoring can be a useful tool for companies to improve their cash flow and manage their working capital effectively. Here are some reasons why a company may consider using invoice factoring:

  1. Access to immediate cash: Invoice factoring allows companies to convert their outstanding invoices into immediate cash, which can be used to cover expenses or invest in growth opportunities.
  2. Improved cash flow: By using invoice factoring, companies can improve their cash flow and avoid cash flow gaps that can hinder their operations.
  3. Reduced risk: When a company factors its invoices, the risk of non-payment is transferred to the factoring company. This means that the factoring company is responsible for collecting the payment from the customer, reducing the risk of bad debt for the company.
  4. Better credit terms: Improved cash flow through invoice factoring can help companies negotiate better credit terms with suppliers and vendors, which can help reduce the cost of goods sold and improve profit margins.
  5. Scalability: Invoice factoring can provide a flexible source of financing that can scale with a company’s growth. As the company’s sales increase, the amount of financing available through factoring can also increase.

Overall, invoice factoring can be a valuable tool for companies that need to improve their cash flow, reduce risk, and manage their working capital effectively. However, it is important to carefully consider the costs and terms of factoring before deciding whether it is the right financing solution for your company.

Answer: Invoice financing and invoice factoring are two different ways of getting money for an invoice. With invoice financing, the company that issued the invoice gets a loan from a third party based on the value of the invoice. With invoice factoring, the company sells the invoice to a third party in order to get money immediately.

Answer: Invoice factoring costs vary depending on several factors, such as the volume of invoices being factored, the creditworthiness of your customers, the industry you operate in, and the factoring company you choose to work with. 

Additionally, some factoring companies may charge additional fees, such as application fees, setup fees, and termination fees. It’s essential to carefully review the terms and conditions of the factoring agreement and any associated fees before signing a contract.

It’s worth noting that while invoice factoring can be more expensive than traditional bank loans, it offers several benefits, such as quicker access to cash, improved cash flow, and reduced administrative burden. Ultimately, the cost of invoice factoring will depend on your specific situation and the factoring company you choose to work with.

Answer:

Invoice factoring is not considered a loan, but rather a form of financing that involves selling your unpaid invoices to a third-party financial company, known as a factoring company or factor. In invoice factoring, the factor buys the outstanding invoices from a business at a discounted rate, providing the business with immediate access to cash that they can use to finance their operations or invest in growth.

Unlike traditional loans, invoice factoring does not involve borrowing money that needs to be repaid with interest over time. Instead, it involves selling an asset (i.e., the unpaid invoices) to a third-party for a fee. The factoring company assumes the risk of collecting payment from the customers on the invoices, and the business receives a percentage of the invoice value upfront. The factoring company then collects the full amount from the customers, and the business receives the remaining balance, minus the factoring fee.

Overall, invoice factoring is a popular financing option for small and medium-sized businesses that need to improve cash flow and access working capital quickly. It is not considered a loan, but rather a form of asset-based financing that can provide businesses with a range of benefits, including improved cash flow, reduced financial risk, and increased flexibility.

Answer: Platform Funding makes applying for invoice factoring options a hassle-free process. Our streamlined approach involves filling out a short online application form.

Here’s how the process works:

Step 1 – Secure online application

To begin the funding process, simply visit our Get Funded page and securely fill out our simple and easy-to-use application form. We value your privacy, so rest assured that our online platform is entirely secure. You’ll need to provide details about your invoices, including who your clients are and the total value of the invoices you wish to factor.

Step 2 – Invoice Review and Consultation

During this consultation, the representative will review your application, discuss the specifics of your invoices, and explain in detail how the terms of a factoring agreement work. This includes the advance rate (the percentage of the invoice value you’ll receive upfront), the factoring fee (the cost of the service), and the process of collecting payments from your clients.

Make sure to ask any questions and clarify any doubts you might have. Remember, the goal is to build a partnership that will help your business succeed!

Step 3 – Sign the Agreement and Get your Money

Once you’ve agreed to the terms of the factoring agreement, it’s time for the best part – getting your money! 

This can often happen within a few business days, providing you with the quick cash flow boost your business needs. The remaining balance, minus the factoring fee, is paid to you once your client fulfills the invoice payment directly to the factoring company.

Ready to get funded?

Let’s start getting you funded. Use the link below or call (866) 473-1455.
Our process is simple, fast, and secure.

Read Our Cell Phone / Text Policy
By entering your phone number and selecting to opt in, you consent to join Platform Funding’s recurring SMS/MMS text messaging program that will provide alerts, updates, and other important account information. By participating, you agree to the terms & privacy policy for auto dialed messages to the phone number you provide. Message frequency varies. To request support, text HELP to any text message we send you or email us at [email protected] . SMS information is not rented, sold, or shared. To opt-out, text STOP to any text message we send you. An opt-out confirmation message will be sent back to you. SMS information is not rented, sold, or shared. Message and data rates may apply.