TrueNorth Business Loan
    Invoice Factoring for Your Business

    Turn Invoices intoCash in 24 Hours

    Solve cash flow problems instantly! Get 80-95% of your invoice value in 24 hours. No debt on your balance sheet. Perfect for B2B businesses waiting 30-90 days for payment.

    Get Cash in 24 Hours →See How Factoring Works
    80-95%
    Advance Rate
    24 Hours
    Funding Time
    1-5%
    Factor Rate
    No Limits
    Invoice Amount

    Why Choose Invoice Factoring?

    Invoice factoring provides immediate cash flow without taking on debt

    Immediate Cash Flow

    Convert outstanding invoices into immediate working capital

    No Debt Created

    Factoring is a sale, not a loan - no debt added to your balance sheet

    Credit Collection

    Factor handles collection, reducing your administrative burden

    Scalable Funding

    Funding grows with your business - more invoices = more cash

    How Invoice Factoring Works

    A simple 5-step process to convert your invoices into immediate cash

    1

    Submit Invoices

    Submit your outstanding B2B invoices for approval

    2

    Credit Check

    Factor reviews your customers' creditworthiness

    3

    Receive Advance

    Get 80-95% of invoice value within 24 hours

    4

    Customer Pays

    Your customer pays the factor directly when invoice is due

    5

    Receive Balance

    Get remaining balance minus factoring fee when invoice is paid

    Types of Invoice Factoring

    Choose the factoring option that best fits your business needs

    Recourse Factoring

    Lower cost option where you remain responsible if customer doesn't pay

    Factor Rate:1-3%
    Advance Rate:80-90%

    Non-Recourse Factoring

    Higher cost but factor assumes credit risk of customer non-payment

    Factor Rate:2-5%
    Advance Rate:75-85%

    Spot Factoring

    Factor individual invoices as needed without ongoing commitment

    Factor Rate:2-6%
    Advance Rate:70-85%

    Perfect for These Industries

    Invoice factoring works best for B2B businesses with extended payment terms

    Manufacturing

    Manufacturers with long production cycles and extended payment terms

    Common Cash Flow Challenges:
    • Cash flow gaps
    • Raw material purchases
    • Payroll needs
    • Equipment maintenance

    Trucking & Logistics

    Transportation companies with 30-60 day payment cycles

    Common Cash Flow Challenges:
    • Fuel costs
    • Equipment maintenance
    • Driver payments
    • Insurance premiums

    Staffing Agencies

    Temporary staffing with weekly payroll and monthly client payments

    Common Cash Flow Challenges:
    • Weekly payroll
    • Payroll taxes
    • Worker compensation
    • Office expenses

    Professional Services

    B2B service providers with project-based billing

    Common Cash Flow Challenges:
    • Project expenses
    • Employee salaries
    • Office overhead
    • Growth investments

    Qualification Requirements

    Invoice factoring focuses on your customers' creditworthiness, not just yours

    Basic Requirements

    • Business operating for at least 6 months
    • B2B invoices with net 30-90 day terms
    • Creditworthy customers (your customers' credit matters)
    • Monthly invoice volume of $10,000+
    • Clean invoicing process
    • No significant customer concentration (typically <20%)

    Typical Terms

    Advance Rate:
    80-95% of invoice value
    Factor Rate:
    1-5% per month
    Funding Time:
    24 hours after approval
    Invoice Terms:
    Net 30, 60, or 90 days

    Invoice Factoring FAQ

    Common questions about invoice factoring and how it works

    Turn Your Invoices Into Cash Today

    Stop waiting 30-90 days for payment. Get the cash you need to grow your business now.

    Check My Factoring OptionsLearn More About Invoice Factoring