How it works?

How it works?

Step 11

Step 1

Your company delivers the merchandise, products or services to your client and issues an invoice.
Step 22

Step 2

Your company assigns the invoice to be paid to Factorway.
Step 33

Step 3

Your client accepts your merchandise, product or service and the assignment of the invoice to be paid to Factorway.
Step 44

Step 4

Factorway funds your company for the merchandise, products or services sold to your client.
Step 55

Step 5

Your client pays Factorway and in turn Factorway releases the remaining percentage held in trust minus the fees charged to the client.
Step 66

Step 6

Your company keeps moving forward.

Why Factoring?

The Factoring Process

The service initiates when a factoring company buys invoices in exchange for immediate cash, and then holds the invoices for collection until the invoices become due. As soon as a client completes a service or delivers the merchandise to their customer, the invoice is sent to the factor for funding. The factor will then provide an advance payment of 75 to 85 percent of the face value of the invoice, via wire transfer to the client’s bank account.

Once full payment is received from our clients’ customer (debtor), the factor returns the invoice payment balance minus the factoring fees.

Benefits of Factoring

  • Improve your cash flow by discounting your account receivables and turn them into immediate cash.
  • Utilize the credit strength of your clients to improve your own credit lines.
  • Offer better payment terms to your clients.
  • Take advantage of discounts offered by your suppliers for timely payments.
  • Obtain a stable cash flow. Know when you will be paid.
  • Sell clients larger volumes of products without jeopardizing your liquidity.
  • Grow your business without incurring additional debt.
  • Within 24 hours your business can continue to have a stream of cash flow.
  • Don’t wait 30-60-90 days for payments from your clients.
  • Compete with businesses like yours that offer more flexible payment terms.
  • Purchase additional inventory.
  • Sell your products or services internationally.
  • Factoring is more flexible than traditional bank loans.
  • Account receivable factoring is the fastest form of financing.

    • Why people choose us?

    Over 15 Million dollars financed last year

    Over 15 Million dollars financed to successful entrepreneurs last year.

    More than a factoring company

    We are a financially oriented process improvement company.

    Over 50 satisfied clients

    Over 50 small businesses have successfully grown using our factoring service.

    Years of experience

    Several years of experience helping small business grow.

    Apply Today!

    Fill Out Our Application

    Fill Out Our Application

    To Download the Application Form Click Here

    Get cash in 24-48 hours

    Factoring-Invoice Discounting can provide you with the working capital needed to grow your business, improve your cash flow and pay your operating expenses. Account receivable factoring is the fastest way of obtaining funds to fuel your growth.
    START TO GROW YOUR BUSINESS WITH US!

    Check our Services Summary Brochure

    Download our Services Summary Brochure

    To Download our Brochure Click Here