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3 Benefits of Invoice Factoring

Posted by in Accounts Receivable Financing, Invoice Factoring, Small Businesses, Uncategorized

Invoice factoring is one of our specialties here at RMP Capital. It’s a smart alternative to bank loans, which can be difficult for small businesses to obtain. Through invoice factoring, you can turn outstanding invoices due in 30, 60 or even 90 days into instant working capital — in turn, improving your business’s cash flow.


Let’s take a closer look at the benefits of invoice factoring:

1. More time to grow your business

When you sign up for invoice factoring, the factor will tend to your sales ledger, giving you more time to manage and grow your business. What would you do with the extra hours? You could focus on everything from marketing to client development.

2. Strong financial history not a requirement

Small businesses often fail to qualify for bank loans because they don’t have great credit or enough business experience. With invoice factoring, we look at the financial strength of your customers, not just your credit score. So even if you’re a new business or have hit a few bumps in the road, you can still qualify.

3. Fast access to cash

With invoice factoring, there’s no long approval process. We can get you up and running in as little as a week, and funds on approved invoices are usually available within 48 hours. You won’t get that with a bank loan!

Need funding for your company? Get started here and an RMP Capital representative will contact you shortly to help you through the process. You can also give us a call at 631.738.0047.

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