Turn Your Unpaid Invoices into Instant Capital
Boost Your Business Cash Flow with Our Invoice Factoring Solutions
Are delayed payments from clients stifling your business’s growth? Experience the swift and effective solution of invoice factoring with our service. At Atlantic Funding Co., we bridge the gap between your outstanding invoices and immediate cash requirements, providing a crucial support system for small businesses that face challenges with traditional banking avenues.
Beyond Traditional Banking – Where Opportunities Flourish
For small businesses, cash flow is not just a metric; it’s the lifeblood that sustains operations and growth. Traditional banks often present insurmountable hurdles with their rigid criteria, leaving many small businesses in a lurch. This is where Atlantic Funding Co. shines. We believe in your business’s potential and offer a unique, adaptable funding solution through small business invoice factoring.
Why Partner with Atlantic Funding Co.?
Our service specializes in invoice factoring for small businesses, crafted to navigate the specific obstacles you encounter. We’re not just filling a financial void; we’re dedicated allies in your business journey, providing:
✓ Broad Spectrum Assistance: Facilitating factoring services from $50,000 to $10 million*, supporting small to medium enterprises across diverse fields, including healthcare, construction, government contractors, service providers, manufacturing, distribution, and wholesale.
✓ Generous Advance Rates: We secure 70 to 90 percent* of your invoices’ worth upfront, maximizing your immediate working capital.
✓ Efficient Processing: Say farewell to prolonged approval waits. Our streamlined process accelerates your access to funds, often within mere days.
*-The amount and percentage depend on the factor, face value of invoices, and the industry.
What is invoice factoring?
Invoice factoring is a financial transaction where a business sells its accounts receivable (invoices) to a third party (a factor) at a discount in exchange for immediate cash.
How does invoice factoring work?
After providing a service or product, a business sells its pending invoices to a factor. The factor then advances a percentage of the invoice value to the business upfront. Once the client pays the invoice, the factor pays the remaining balance to the company minus a factoring fee. We can connect businesses to factors offering 70 to 90 percent of the invoice value. Please fill out an application or contact us for more information on our services.
Is invoice factoring the same as a loan?
No, it is not a loan. It is the purchase of your business’s outstanding invoices by a factoring company for immediate cash so you don’t incur debt.
What are the benefits of invoice factoring?
Benefits include immediate access to cash, improved cash flow, reduction in collection times, and the ability to manage and grow your business without adding debt.
How fast can I get funded?
Typically, once set up with a factoring company, you can receive funds within 24 to 48 hours after submitting eligible invoices.
Do I need to factor all my invoices?
No, most factoring companies allow you to choose which invoices to factor, providing flexibility in managing your cash flow.
How do I qualify for invoice factoring?
Qualification mainly depends on the creditworthiness of your customers and your invoice quality, not your business credit score.
Will my customers know I am using invoice factoring?
Yes, in most cases, because the factoring company typically handles collections. However, some factors offer non-notification factoring, where your customers remain unaware.
What kind of businesses can use invoice factoring?
Any B2B business that invoices customers with payment terms (e.g., 30, 60, 90 days) can potentially use invoice factoring. Common industries include manufacturing, staffing, transportation, and wholesale.
Can I factor invoices if my business is new or small?
Startups, which often don’t have access to traditional bank financing or extensive credit histories, can use invoice factoring as a viable financing solution. Factoring firms usually focus on the credit strength of the startup’s customers rather than the startup’s own credit or length of time in business. This makes it easier for startups to obtain the necessary cash flow for operations, growth, and development as long as they have invoices for completed work or delivered products.
Does invoice factoring affect my business credit?
Since it’s not a loan, it doesn’t directly affect your business credit score. However, improved cash flow might help you pay other obligations on time, positively impacting your credit.
What happens if my customer doesn’t pay the invoice?
With recourse factoring, you must buy back unpaid invoices. With non-recourse factoring, the factor assumes the risk of non-payment.
Are all factoring companies the same?
No, they vary in terms of industry focus, fees, terms, and services. We connect businesses to factoring companies in our network and find one that suits their needs.
What documentation is required to start factoring?
Generally, you’ll need to provide business documents, a client list, and accounts receivable aging reports. Specific requirements can vary by factor. We can provide a checklist for an easy process.
Why might a business be denied for invoice factoring?
Reasons could include low-value invoices, customers with poor credit history, or the factor’s inability to verify invoices.
Invoice Factoring Process Simplified
Initial application:
Complete our application, outlining your funding needs and the invoices for consideration.
Sign agreements and paperwork.
Complete and submit the required paperwork and get official approval from the factor.
Receive initial payment.
You will receive your initial payment, and later, after your customer pays the invoice, you will receive the remaining outstanding balance after subtracting the factor fee.
Kickstart Your Fiscal Recovery Today
Revitalize your business operations and mitigate the cash flow interruptions caused by delayed payments. With invoice factoring, you’re not just navigating a temporary financial challenge—you’re setting the stage for sustained business success.
Ready to Propel Your Business Forward?
Embark on a path to financial stability and growth for your small business with invoice factoring services through Atlantic Funding Co. Begin your application today and transform your invoicing pain points into growth opportunities.
For more information or to discuss how invoice factoring for small businesses can be a game-changer for you, reach out to us. Our aim is to ensure a smooth, beneficial partnership, offering personalized guidance every step of the way.
Apply Now—transform your receivables into the working capital essential for your business to flourish.