Are you tired of waiting 30, 60, or 90+ days to get paid for your invoices? You’re not alone. Many business-to-business (B2B) companies struggle with cash flow issues resulting from delays in invoice payment.
This is where invoice factoring can help.
Invoice factoring is a straightforward, cost-effective way to ensure you get paid faster for your invoices. Unlike traditional bank loans or merchant cash advances (MCAs), you aren’t borrowing money. Invoice factoring doesn’t require you to make payments or worry about extremely high interest rates. You simply sell your invoices to a factoring company, such as Commercial Funding Inc. (CFI), and you get paid faster for work that has already been done.
The process with CFI is simple:
- First, you send an invoice to your client for the work you have completed.
- Next, you submit the same invoice to CFI using our online portal.
- Then CFI sends you an advance of up to 95% of the total invoice amount.
- Your client pays CFI directly.
- Upon collection of payment from your client, CFI pays you the remaining balance of the invoice, minus any fees.
Our goal is to help customers speed up their cash flow by getting them paid faster for their invoices. When you choose to factor with CFI, you spend less time worrying about when you will get paid and more time running and growing your business.
Think invoice factoring is right for you? Good news… getting started is easy!
You can start factoring simply by providing a signed application, a detailed accounts receivable aging report, a customer list, and a sample invoice with backup documentation. Once we verify your invoices, we’ll send your advance.
As a CFI customer, you will be assigned a personal account manager with whom you will communicate directly. You get to choose the timing of factoring new invoices, so you control your cash flow. You can receive funding daily, weekly, or on whatever schedule works best for your business.
Want to know more? Watch the video...