If you’re operating a small business, paying your bills on time can be a constant struggle, especially if your accounts receivable period is long. Invoice Factoring is an ideal solution for small business owners who need to fill in the gaps between sending invoices and receiving payment.
Apply for account receivable financing with Greenbox Capital and receive as much as $250,000!.
Financing Solutions for business owners with poor credit
In a perfect world, payment upfront or upon delivery would be standard. But small business owners who operate in the real world know collecting on invoices to keep accounts receivable current is a constant struggle. Meanwhile, tight cash flow is a fact of daily life for a small business. Invoice factoring is a smart move.
Speed Up Accounts Receivable Payments
Whether you’re a business owner in an industry with typically long accounts receivable periods or just have a tough time getting paid on time, invoice factoring is a welcomed solution. Instead of being at the mercy of late account receivables, Greenbox Capital enables businesses to collateralize unpaid invoices and receive $5,000 to $250,000 cash business financing.
How Invoice Factoring Works
A contract length lasts two-three months with fees being 1.5%-2.5% per month. Depending on your clients’ credit risk profiles, we will advance up to 80% of an invoice’s value. Our general practice includes sending you the remainder of the percentage due—with a fee subtracted from the total—once the invoices have been paid. The fee will depend on your business’ financial strength, but it usually falls between 3-5% of the invoice value.
Client invoices that are ideal for factoring are those with extended credit terms or not more than 60 days past due. Certain businesses, like manufacturers and suppliers, are expected to offer customers long accounts receivable periods even though the company may not be in the financial position to offer customers those terms. Selling the invoices to a factoring company gets the service provider (payee) most of the payment—up to 80%—immediately and the customers (payers) get to keep their extended credit terms. Invoice factoring is a way to preserve your client relationships while getting paid early and fast.
Here’s what you need to get started:
- a completed application
- bank statements that span three months
- the invoices you need factored
- the contact information for your accounts receivable manager
There’s no time like the present, so start the process now by completing our application.
With invoice factoring, you don’t risk paying your bills late because your cash flow is tight. You also avoid putting unnecessary pressure on your clients to speed up payments and stop hassling them for invoices that are not seriously past due (within 60 days). When you choose Greenbox Capital for merchant cash advance services, you can trust us to treat your customers professionally. Our goal is to get you the cash you need to keep your cash flow positive and also preserve your client relationships.
We are not a collections agency. Collections agencies are not concerned about your cash flow or your client relationships. Waiting on accounts receivable makes it hard to compete with other businesses who have more cash flow, credit, or are getting paid on time. Find out what other small business owners know: Invoice factoring helps keep cash flow positive and protects your credit.
For a free invoice factoring consultation, please complete our application or contact our Merchant Account Service Team.
All About Tires
I have worked with Greenbox over the last couple years when I find the need for working capital and they always provide me with a plan that fits my needs and goals. I would recommend Greenbox to any small business seeking extra funding.I have worked with Greenbox over the last couple years when I find the need for working capital and they always provide me with a plan that fits my needs and goals. I would recommend Greenbox to any small business seeking extra funding.
Quick & Check, LLC gas station
All of us at Quick & Check, LLC have benefited from Greebox Capital’s excellent service, and important contributions to our company’s growth and progress.All of us at Quick & Check, LLC have benefited from Greebox Capital’s excellent service, and important contributions to our company’s growth and progress.
Choice Aire Honduras
Excellent, Professional, Fast, and Honest. This is the second time I have used Greenbox for my needs and they come through as promised. No hassles just professional service. I highly recommend the guys and gals there.
Green Giant Tree Service
Greenbox Capital is our go to experts in small business loans. They are fast, professional and legit! Thank you Greenbox Capital!
Jenny MacFarlane Davis
I had an overall good experience with this company. I would recommend them to any small business owner. Staff was very kind and helpful. Would definitely use in the future if I need them.
Fast and really easy process, funds were available the next day. Thanks to Paulo who helped me and Carla for helping me with the details and answered all my questions and made everything run smoothly.
Excellent, Honest, and Professional. This is the second time they have helped me out and each time is the same great service.