At Factor & Fund, we know that the key to unlocking your business’s full potential lies in your cash flow. That’s why our eligibility process is simple, transparent, and tailored to help businesses thrive. We focus on what matters most—your outstanding invoices and the reliability of your customers’ payments—not your credit score or financial history.
If you’re wondering how our process works, or how your business can benefit from lower fees and a higher credit line, you’ve come to the right place. Let us walk you through how we review your invoice history, what we’re looking for, and how you can qualify for the best terms.
Step 1: Reviewing Your Outstanding Invoices
The first step in determining your eligibility for invoice factoring is to take a close look at your outstanding invoices. Our priority is to evaluate the payment reliability of your customers, as they are the ones who will be fulfilling these invoices. While many traditional lenders base their decisions on your company’s credit score or financial health, we take a different approach.
We focus on your receivables, specifically:
- The payment history of your customers: How reliable are they? Do they consistently pay on time?
- The value of the outstanding invoices: What is the total worth of the invoices you are factoring?
- The payment terms: How long is it taking your customers to pay—30, 60, or 90 days?
By focusing on these elements, we can quickly determine your eligibility and get you the funding you need, even if your business doesn’t have a perfect credit score.
Step 2: Verifying Payment History and Offering Lower Fees
Once we’ve reviewed your invoice history, the next step is to verify the payment history of your customers. If your customers have a strong track record of paying invoices on time, it gives us the confidence to offer you lower fees and better terms. Here’s how:
- Lower Percentage Fees: Businesses with reliable customers and a clean payment history can benefit from lower factoring fees. This means more money stays in your pocket, allowing you to reinvest in your operations or fuel growth.
- Higher Credit Line: A solid invoice history not only qualifies you for lower fees, but it also opens the door to a higher credit line. With higher credit limits, you can factor more invoices, giving your business even greater access to working capital.
- Flexible Payment Terms: We understand that every business is different, and your needs may vary. If your invoices show consistent payments, we can offer you more flexible payment terms, tailored to your business’s unique cash flow cycle.
By leveraging the strength of your receivables, we are able to offer custom solutions that traditional banks simply can’t match.
Step 3: Fast and Simple Approval Process
At Factor & Fund, we believe in speed and simplicity. Once we’ve reviewed and verified your invoices, you can expect an approval decision quickly. We know that time is money, and when you need access to cash, you shouldn’t have to wait weeks for a decision. Our streamlined process ensures that you get the funding you need—fast.
Why Invoice History Matters
Your invoice history is more than just a list of outstanding payments—it’s the key to unlocking better funding options. At Factor & Fund, we see your invoices as assets that can be used to fuel growth, not liabilities that hold you back. Whether you’re a small business looking to cover payroll, or a large company managing seasonal demand, your invoice history can work for you.
By showing us a strong payment history, you’re proving that your business has reliable customers, and that gives us the confidence to offer the best possible terms.
How We Work: Partnering with You for Success
Our approach is different because we are not just financiers—we’re entrepreneurs ourselves. We understand the unique challenges that businesses face when it comes to managing cash flow. That’s why we take a collaborative approach with our clients, working alongside you to develop solutions that truly fit your business’s needs.
Here’s what you can expect when you work with Factor & Fund:
- Personalized Solutions: No two businesses are the same, and we don’t believe in one-size-fits-all factoring solutions. We work with you to understand your business, your customers, and your goals so that we can tailor our services to your specific needs.
- Speed and Efficiency: Our goal is to provide fast, reliable funding so that you can focus on running your business. Once we review your invoice history, we aim to provide quick decisions and even faster access to cash.
- Long-Term Partnerships: We’re not just interested in short-term gains. At Factor & Fund, we’re in it for the long haul. We see ourselves as partners in your success, and we’re committed to helping your business grow over time.
Ready to Get Started?
If you’ve got a solid invoice history and want to explore how Factor & Fund can provide the funding you need at a lower cost, contact us today. Our team of entrepreneurs-turned-financiers is ready to help your business thrive by unlocking the capital that’s already in your receivables.
Let your invoices work for you—so you can focus on what matters most: growing your business.