Introduction

In a business landscape where growth opportunities can present themselves at any time, quick and reliable access to funds is a vital asset. Our Advance Factoring service offers you just that. We provide all the basic elements of a traditional factoring relationship, including credit approval/protection, collections, and bookkeeping, combined with the ability to borrow funds against the factored receivables.

How It Works

In an Advance Factoring arrangement, Quick Freight Factors allows you to turn your factored receivables into immediate capital. This process typically enables you to borrow up to a specified percentage of receivables.

Invoice Submission: Submit your invoices to Quick Freight Factors after you’ve provided services to your clients.

Verification and Approval: We verify the invoices and approve them for factoring, taking on the responsibility of collection.

Advance Payment: Once approved, we advance you a significant portion of the invoice value – often on the same day.

Balance Remittance: After the invoice is paid in full by your client, we remit the balance to you, minus a small factoring fee.

Benefits

Enhanced Cash Flow: No more waiting for payment terms to mature. Get instant access to your revenues and maintain healthy cash flow.

Flexible Capital: The more you invoice, the more working capital you can access. This flexibility allows your capital resources to grow in tandem with your business.

Time Savings: With us handling your invoice collections, your team can focus on core business activities.

No Debt Incurred: Unlike a loan, factoring is not a debt. It’s simply an advance on your own money.

Ending Note

Ready to accelerate your business growth? Connect with us to explore how Advance Factoring can help you drive your business forward.